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State of California California Public Employees Retirement System www.calpers.ca.govGroup Continuation Coverage Consolidated Omnibus Budget Reconciliation Act (COBRA) Instructions f or completing
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What is continuation coverage consolidated omnibus?
Continuation coverage consolidated omnibus, commonly known as COBRA, is a federal law that allows employees and their families to continue their health insurance coverage for a limited time after experiencing a qualifying event, such as job loss, reduction in hours, or other life events.
Who is required to file continuation coverage consolidated omnibus?
Employers with 20 or more employees on the business's typical working day in the previous calendar year are required to file COBRA continuation coverage.
How to fill out continuation coverage consolidated omnibus?
To fill out the continuation coverage consolidated omnibus, beneficiaries must complete the COBRA election form provided by their employer or plan administrator, choosing to opt for continued coverage, and submit it within the specified timeframe.
What is the purpose of continuation coverage consolidated omnibus?
The purpose of COBRA is to provide employees and their families with an option to maintain their group health insurance coverage for a limited time after they lose it due to specific qualifying events.
What information must be reported on continuation coverage consolidated omnibus?
Information that must be reported includes the qualifying event, the dates of coverage, the premium amounts, and details on how to maintain coverage under COBRA.
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