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What does it mean to COBRA insurance?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss,

What is a COBRA continuation letter?

This notice has important information about your right to continue your health care coverage in the [enter name of group health plan] (the Plan), as well as other health coverage options that may be available to you, including coverage through the Health Insurance Marketplace at .HealthCare.gov or call 1-800-318-

What benefits can be continued under COBRA?

Inpatient and outpatient hospital care, Physician care, Surgery and other major medical benefits, Prescription drugs, and Dental and vision care. Life insurance and disability benefits are not considered medical care. COBRA does not cover plans that provide only life insurance or disability benefits.

What is not a COBRA qualifying event?

Taking a leave of absence under the Family and Medical Leave Act of 1993 (FMLA) is not a COBRA qualifying event because FMLA requires a covered employer to maintain group health plan benefits for an employee so the employee has no coverage loss.

What is the meaning continuation of benefits?

Continuation of Benefits means the Company will pay for the Executives benefits coverage as applied under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for a period of (12 or 18) months. This will be the full amount charged for COBRA premiums for Health, Dental, Vision Rx coverage.

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