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Sentinel can play a vital role in making sure your company’s merger, acquisition or divestiture activity doesn’t lead to unintended consequences for your retirement plan. It’s important to let your Plan Consultant know as soon as possible when you’...
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Created On: 10/16/2018
in COBRA General Information COBRA requires that “each” qualified beneficiary be entitled to elect COBRA coverage. If there is a choice among types of coverage under the plan, each qualified beneficiary is entitled to make a separate election among the different types at open e...
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Created On: 10/16/2018
in COBRA General Information The statute requires the “group health plan” to provide notice. The definition of group health plan, however, does not identify any particular party. Most commentators have assumed that the plan administrator has the obligation to provide the initia...
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Created On: 10/16/2018
in COBRA General Information COBRA laws require employers to offer a COBRA election to qualified beneficiaries when there is: (1) a triggering event; and (2) the triggering event causes (or will cause) a loss in plan coverage that occurs within the maximum coverage period for ...
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Created On: 10/16/2018
in COBRA General Information Virtually all group health plans maintained by employers for their employees are subject to COBRA’s provisions, including group health plans of corporations, partnerships, tax exempt organizations, state and local governments. This also includes Hea...
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Created On: 10/16/2018
in COBRA General Information “Qualifying events” are events that case an individual to lose group health coverage. The type of qualifying event determines who the qualified beneficiaries are for that event and the period of time that a plan must offer continuation coverage. C...
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Created On: 10/16/2018
in COBRA General Information Employers and plan administrators should know who is entitled to COBRA coverage. Problems can arise if COBRA is not offered to someone who is eligible or if it is offered to a person who is not eligible to elect COBRA coverage. Under the COBRA rul...
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Created On: 10/16/2018
in COBRA General Information The provision of medical care through a cafeteria plan (as defined in Section 125) or other flexible benefit arrangement constitutes a group health plan. However, the COBRA continuation coverage requirements of section 162(k) apply to those medical ...
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Created On: 10/16/2018
in COBRA General Information A plan may not require any payment until 45 days after the qualified beneficiary’s initial election. If a qualified beneficiary fails to make the initial premium payment within the 45-day period, the plan administrator may terminate the COBRA covera...
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Created On: 10/16/2018
in COBRA General Information Group health plans must give each employee and each spouse of an employee who becomes covered under then plan a general notice describing COBRA rights. The general notice must be provided within the first 90 days of coverage. The Department of L...