The following is an overview of the COBRA process that occurs upon termination of employment or the date an individual is no longer eligible for coverage.
RESPONSIBILITIES INCLUDE:
- Employer terminates COBRA Eligible Individual’s coverage with health and/or dental carrier.
- Employer completes COBRA notification form and forwards to our office.
- We will send notice, to employee and/or qualified dependents notifying them of their COBRA rights and the monthly cost to continue coverage.
- If the individual chooses to elect coverage, we will send a premium remittance booklet to that COBRA Eligible Individual for remittance of COBRA payments.
- When the individual makes the initial payment, Employee Benefits Solutions notifies the Employer to reinstate coverage with health and/or dental carrier.
- We will deposit COBRA payments, retain the 2% administrative surcharge and then remit applicable monthly COBRA premiums to the Employer.
- We will also monitor COBRA payments to ensure timely payments. The Employer will be notified, by Employee Benefits Solutions, when to terminate a COBRA participant for failure to pay or exhaustion of the COBRA period.
- We will provide monthly status reports of COBRA participation to the Employer.
To download a copy of The Employees Guide to Health Benefits under COBRA from the Department of Labor please click HERE.
Or for FREQUENTLY ASKED QUESTIONS click on the downloads below.
FOR EMPLOYEES
FOR EMPLOYERS