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COBRA The federal Consolidated Omnibus Budget Reconciliation Act (COBRA) provides employees and their qualified beneficiaries the opportunity to continue health insurance coverage under the Company’s health plan when a “qualifying event” would normally result in the loss of eligibility. Some qualifying events are resignation; termination of employment; death of an employee; a reduction in an employee’s hours; leave of absence; an employee’s divorce; legal separation; and a dependent child no longer meeting eligibility requirements. Under COBRA, the employee or beneficiary pays the full cost of coverage at the Company’s group rate plus an administration fee. The
Company provides each eligible employee with a written notice describing rights granted under COBRA when the employee becomes eligible for coverage under the Company’s health insurance plan. The notice contains important information about the employee’s rights and obligations. If the loss of eligibility is for a dependent, the employee must update their dependent(s) in the Human Resources/Benefits Portal and make a benefit election change to remove the impacted dependent(s); this must be completed within 31 days of the “qualified event”; otherwise, the dependent(s) may lose their rights to continue coverage.
Questions and concerns can be directed to your immediate supervisor, Human Resources (614) 304-2080 or the Compliance Hotline (866) 539-5813
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