COBRA

Can you drop your COBRA Coverage and enroll in exchange plans?

HR managers need to be aware that new rules have been issued regarding COBRA notification. For example, your COBRA notification now needs to carry clarification of the enrollment process and the rules surrounding it. You do not want to be issuing COBRA notifications that do not indicate that people not wishing to carry COBRA are only allowed to choose federal marketplace plans during the official open enrollment period. Continue reading

COBRA 2010 Premium Reduction Notification

The Unemployment Compensation Extension Act of 2010 signed by the President on July 22, 2010 did not extend the COBRA premium reduction.  The American Recovery and Reinvestment Act (ARRA) provides a COBRA premium reduction for eligible individuals who are involuntarily terminated from employment through the end of May 2010.

 

The COBRA premium reduction under ARRA is not available for individuals who experience involuntary terminations after May 31, 2010.… Continue reading