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This document provides information regarding the continuation of health coverage under COBRA for employees, retirees, spouses, and dependents of the City of New York. It outlines eligibility, responsibilities, and the application process for COBRA continuation coverage.
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What is cobra continuation of coverage?
COBRA continuation of coverage is a federal law that allows individuals to continue their health insurance coverage for a limited time after leaving their job or experiencing a qualifying event that would typically result in the loss of coverage.
Who is required to file cobra continuation of coverage?
Employers with 20 or more employees who offer group health plans are required to provide COBRA continuation coverage options to eligible employees and their dependents.
How to fill out cobra continuation of coverage?
To fill out the COBRA continuation of coverage, eligible individuals must complete the COBRA election notice provided by their employer, select the coverage they wish to continue, and submit any required payment by the deadline specified in the notice.
What is the purpose of cobra continuation of coverage?
The purpose of COBRA continuation of coverage is to provide a temporary safety net for individuals who lose their health insurance due to employment changes, ensuring they can maintain their coverage while seeking new employment or transitioning to other health options.
What information must be reported on cobra continuation of coverage?
The COBRA continuation of coverage must report information including the employee's name, the qualifying event type, the type of coverage available, the duration of coverage, and the premiums that need to be paid.
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