How COBRA Act works | Benefit Administration

Learn how COBRA act protects employees and their dependents from loosing the group health insurance in the event of termination, reduction of work hours, divorce etc...

This videos captures all the key elements that define this act. An employee, upon a qualifying event that trigger COBRA, can continue their health coverage for upto 18 months. However, their dependents can continue the health coverage for upto 36 months if any such event occures that make them eligible for COBRA. These are known as primary events.

These are COBRA Qualifying events:
Termination
retirement
Divorce
Reduction of Work Hours
Loss Of Pay
Enrolment to Medicare
Ceased to be Dependent

If you are interested in full video that covers how COBRA is administered in any HCM ERP then let us know in the comment section or visit https://peoplesoftconcept.blogspot.com/

The full video covers following:

All About COBRA Act

What is COBRA Act
Why it's important
How does it protect Employee and their dependents
Qualifying Events
Qualifying Beneficry
Coverage Period
Primary Qualifying Events
Secondary Events
COBRA coverage cost

How it's administered
Gather all elements to be configured for COBRA
Setup each element
Understand COBRA eligible Health Benefit Plans
Setup COBRA eligible Health Benefit Plans
Tracking the Qualifying Events on Employees
Notifying employees of election procedures under COBRA
Continuation of Health Plans

Video duraton : 30 Minutes

Also See:

Self Service Functionalities in TLM
https://youtu.be/-DKJb5Kzg9s

What is HCM ?
https://youtu.be/qmUNwCbCuAo

#howcobraworks #benefitadministration #cobraact

Видео How COBRA Act works | Benefit Administration канала HCM Simplified