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The Consolidated
Omnibus Budget Reconciliation Act of 1985 ("COBRA")
became law on April 7, 1986. Both the IRS and the U.S. Department
of Labor share in the administration and enforcement of COBRA.
COBRA mandates
that employers offer terminated employees (and their qualified
dependents) the ability to temporarily maintain their current
group benefits by self-paying the monthly premiums.
Exceptions
to COBRA include: (1) Employers with fewer than 20 employees with
group benefits (although states such as California and others
have implemented their own versions of COBRA); (2) Government
employers (federal and state); (3) Church plans; and (4) Employers
with benefits that do not satisfy the "group" plan definition
for COBRA purposes.
Generally,
COBRA benefits are available for up to 18 months for qualified
employees, their spouses and dependents if the qualifying event
is due to the employees termination or reduction of employment.
An extension is available for up to a total of 29 months for employees
that are disabled at any time during the first 60 days of COBRA
coverage. This also applies to the disabled employees non-disabled
qualified beneficiaries. Coverage for up to 36 months is available
for spouses and dependents of a qualified employee facing a loss
of employer-provided coverage due to an employees death,
divorce or legal separation, or certain other "qualifying
events."
Additionally, The Health Insurance Portability and Accountability
Act of 1996 (HIPAA) requires that participants in group health
plans be given a "Certificate of Creditable Coverage"
when they lose an employer's health care plan. In sum, the "old"
group health plan must provide the certificate to participants
losing coverage so they can present the certificate to a new employer's
plan to reduce any preexisting exclusion period. This is becoming
increasingly important as medical groups terminate their relationships
with HMOs. Under an HMO, preexisting conditions are not a factor
in accepting new employee-participants whereas PPOs may exclude
treatment for prior medical problems.
Trust Administrator's
portfolio of COBRA and HIPAA administrative services enable clients
to outsource all the functions associated with their COBRA-HIPAA
program. TAI's services include notification to beneficiaries,
premium billing, tracking and remittance to the carriers. It's
a "turn-key" system.
Employers
receive accurate and up-to-date monthly reports. Employees are
able to contact us electronically and via a toll free number.
The COBRA-HIPAA rules can be complicated and stressful, particularly
when dealing with disgruntled employees and their spouses. To
compound matters, employers face costly litigation from former
employees and government agencies in the event the COBRA-HIPAA
rules are not followed.
For additional
information, contact us about our COBRA-HIPAA outsourcing services.
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