Category: "COBRA/USERRA"

COBRA: There’s More Than Meets the Eye

14 August, 2018

The COBRA (Consolidated Omnibus Budget Reconciliation Act) law has been a mandated burden for employers for over 30 years. It provides rights to health insurance to former eligible employees, spouses and dependent children if coverage was lost due to a specific qualifying event. The employer’s respo...

7 Vital Criteria for Hiring a COBRA Administrator

16 June, 2015

Few people know what the acronym COBRA actually stands for, but most know basically what it does.  From Wikipedia:  The Consolidated Omnibus Budget Reconciliation Act of 1985 (or COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among o...

TAMRA: Four Important Guidelines to COBRA Compliance

12 May, 2015

In late 1988, Congress passed TAMRA (Technical and Miscellaneous Revenue Act of 1988) which provided guidelines for judging an employer’s COBRA compliance. By meeting the TAMRA guidelines beforehand, an employer stands a strong chance of being judged in a favorable light by the IRS, thus potentially...

Don’t get Snake bit by COBRA!

28 April, 2015

The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires that former employees be able to continue participating in the company’s health insurance coverage for a specific length of time. Some employers may think their obligations end when the employee leaves, but believing this may be as...

Does the QB have COBRA coverage?

07 October, 2014

Does the QB have COBRA coverage? There are times in life when you just have to wait. The period between a loss of coverage due to a COBRA qualifying event and the COBRA payment is such an example. COBRA provides a 44-day time frame for the employer/plan administrator to send an election notice. Th...