Articles
What Is COBRA And Who Is Covered?
The Consolidated Omnibus Budget Reconciliation Act ( COBRA ) of 1986 requires employers (over 20 employees) to offer group insurance to employees that experience a qualifying event. Qualifying events often mean that an individual, spouse and family...
What is a qualifying event for COBRA
There are specific events that may result in eligibility for COBRA. Qualifying Events For employees: Voluntary or involuntary loss of employment Reduction of the number of hours of employment For spouses: Termination of th...
When will COBRA coverage end?
Generally, COBRA terminates at the end of 18 months for employment termination and reduction in the number of work hours. There are a few exceptions that may extend COBRA coverage. If these situations apply, COBRA will terminate as outlined below: ...
Will I Get a Tax Form For COBRA Coverage?
Enrollment in Health Insurance will generate tax forms. Form 1095 will be issued by your insurance carrier. This form is for informational purposes and should be kept with your tax documentation. If you did not receive this form, contact th...