Zupnick and Associates video explaining how to apply COBRA laws and when they're enacted.
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Zupnick & Associates is a business insurance broker based in Brooklyn NY. An expert in Employee Benefits, Zupnick and Associates has been servicing the tristate area and beyond for almost a decade. See more by visiting their website www.ZupnickAssociates.com
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Thank you for joining us again!
Last time we talked about what COBRA and COBRA admins are and how they affect your business. Today we’ll be going over exactly who you still have to offer coverage for after they lost it.
First of all, who falls into the category of needing to be covered after losing their qualifications? COBRA applies to employees that HAD coverage in a group plan but lost it due to reduction of hours or being fired. So it also includes themselves, their spouses, their dependents, retirees (unless they are eligible for Medicare), and partners in a partnership, including domestic partners. It also includes part-time employees if they were on the plan before the event that made them lose coverage.
You do NOT have to offer COBRA coverage to any of the following:
an employee who is not yet eligible for your group health plan
an eligible employee who declined to participate in your group health plan
an individual who is enrolled for benefits under Medicare
Come back next time for more on COBRA laws :)
