Alerus helps you interpret compliance laws and carry out your policy so you can maintain coverage only for qualified individuals for the time periods dictated by law. Through proper administration of COBRA, your company can realize savings in overall health care costs.
Through proper administration of COBRA — maintaining coverage only for qualified individuals for the time periods dictated by law – your company can realize savings in overall healthcare costs.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions require group health plans to provide a temporary continuation of group health coverage that otherwise might be terminated.
COBRA requires continuation coverage be offered to covered employees, spouses, former spouses, and dependent children when group health coverage would otherwise be lost due to certain specific events.
The law generally applies to all group health plans maintained by private-sector employers with 20 or more employees, or by state or local governments. The law does not apply to plans sponsored by the Federal Government or by churches and certain church-related organizations. In addition, many states have laws similar to COBRA, including those that apply to health insurers of employers with less than 20 employees (sometimes called mini-COBRA).