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Cobra Continuation Election Form Hollister Benefits Company

Cobra Continuation Election Form Hollister Benefits Company

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[Music] you've likely heard of cobra before though the name doesn't tell you what it is or what it actually does generally cobra involves the continuation of benefits coverage after someone's no longer part of the company that had provided those benefits before congress passed a bill called the consolidated omnibus budget reconciliation act or cobra if an employee changed jobs or got fired they were at risk of immediately losing their group benefits under cobra an employee has the option to continue group health benefits coverage for a limited amount of time often at their own cost cobra generally applies to all group health plans maintained by private sector employers with at least 20 employees or by state and local governments the law does not apply however to plans sponsored by the federal government or by churches and certain church-related organizations in addition many states have laws similar to cobra including those that apply to health insurers of employers with less than 20 e

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