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Important Information for University of California COBRA Beneficiaries The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides for continued coverage for a certain period of time
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What is form consolidated omnibus budget?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that requires certain employers to offer employees the opportunity to continue their health insurance coverage after experiencing a qualifying event that would result in a loss of coverage.
Who is required to file form consolidated omnibus budget?
Employers who have group health plans and meet the criteria outlined in the COBRA law are required to offer COBRA coverage and therefore would be required to file the necessary forms.
How to fill out form consolidated omnibus budget?
Form consolidated omnibus budget is typically filled out by employers or plan administrators and must include information about the qualifying event, the individuals eligible for COBRA coverage, the cost of the coverage, and other relevant information.
What is the purpose of form consolidated omnibus budget?
The purpose of COBRA is to provide individuals with continued access to health insurance coverage after experiencing a qualifying event that would otherwise result in a loss of coverage.
What information must be reported on form consolidated omnibus budget?
The form must include details about the qualifying event, the individuals eligible for COBRA coverage, the cost of the coverage, and other relevant information as required by the law.
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