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AMERICAN RESCUE PLAN ACT OF 2021 COBRA SPECIAL ENROLLMENT ELECTION NOTICE ___ (Name of Companys Welfare Plan)(the Plan) (Date): ___ To: ___ (Name of Covered Employee and/or other Qualified Beneficiaries)
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01
Notify the employee of their rights under COBRA within 44 days of becoming eligible for COBRA.
02
Provide the employee with the appropriate paperwork and information on how to enroll in COBRA.
03
Review the employee's options for COBRA coverage and costs.
04
Collect the necessary premiums from the employee for COBRA coverage.
05
Maintain accurate records of COBRA enrollment and payments for the employee.

Who needs in offering cobra in?

01
Employees who are losing their job-based health coverage due to voluntary or involuntary termination, reduction in work hours, or other qualifying events.
02
Spouses and dependents of covered employees who are losing their health coverage due to the covered employee's qualifying event.
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Offering COBRA refers to providing eligible employees and their dependents the option to continue their health insurance coverage after experiencing a qualifying event, such as job loss or reduction in hours.
Employers with group health plans who have 20 or more employees on business days for more than half of the previous calendar year are required to offer COBRA.
To fill out COBRA forms, employers must provide a COBRA election notice to qualified beneficiaries, including details on how to elect COBRA, the coverage available, and any deadlines.
The purpose of offering COBRA is to provide temporary health insurance coverage to employees and their families who have lost their group health benefits due to qualifying events.
Information that must be reported includes the qualifying event, coverage options available, the duration of coverage, and information on how to elect COBRA.
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