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COBRA: Make Sure You're in Compliance

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees to maintain health insurance coverage after losing their employer-sponsored benefits due to job loss, reduced hours, or job transitions. This federal law ensures that employees and their families can continue receiving the same health plan benefits, although the coverage is temporary and requires the individual to pay the full premium cost plus an administrative fee. Click here for article.

  • Eligibility and Enrollment: Employees have 60 days to enroll in COBRA after their employer-sponsored benefits end, with coverage starting from the day the original coverage ended.

  • Duration of Benefits: COBRA coverage lasts between 18 to 36 months, depending on the qualifying event and the employer's health insurance plan.

  • Family Coverage: COBRA extends to an employee's family in cases such as the employee's death, divorce or legal separation, and loss of dependent-child status.

  • Cost of Coverage: Employees must pay the full premium cost previously covered by the employer, plus an administrative fee, totaling up to 102% of the plan's cost.

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