COBRA
CONTINUING COVERAGE THROUGH COBRA If you are actively enrolled in a COBRA eligible benefit and coverage is terminated as described above, you do have the option of continuing the same level of benefits for up to 18 months through Federal COBRA. You will be charged the full monthly premium for these benefits plus a 2% administrative fee. An information packet will be mailed to you. You then have 60 days to elect Federal COBRA coverage and continue your health benefits. To continue coverage, you must fill out the election form and return it along with payment for coverage from the day your coverage through your employer ended. A confirmation of benefits will be mailed to you. It will be your responsibility to make a monthly COBRA payment to keep your insurance in force. You will have 30 days to remit payment to keep your COBRA coverage current. COBRA QUALIFYING EVENTS Qualifying events are events that cause an individual to lose his or her group health coverage. The type of qualifying event determines who the qualified beneficiaries are for that event and the period of time that a plan must offer continuation coverage. COBRA establishes only the minimum requirements for continuation coverage. A plan may always choose to provide longer periods of continuation coverage. The following are qualifying events for covered employees if they cause the covered employee to lose coverage: • Termination of the employee's employment for any reason other than gross misconduct; or • Reduction in the number of hours of employment. The following are qualifying events for the spouse and dependent child of a covered employee if they cause the spouse or dependent child to lose coverage: • Termination of the covered employee's employment for any reason other than gross misconduct; • Reduction in the hours worked by the covered employee; • Covered employee becomes entitled to Medicare; • Divorce or legal separation of the spouse from the covered employee; or • Death of the covered employee COVERAGE NOT AVAILABLE FOR CONTINUATION THROUGH COBRA For plans that do not offer continuation of coverage through COBRA, you may still have the option to continue that coverage through the carrier directly. Depending on the contract and type of plan, you may have the option to Port or Convert these coverages for continuation after your active status terminates. If you elect to continue one or more of the coverages available here, you would be responsible for paying premiums directly to the carrier. Reach out to the carrier directly or review the Certificate of Coverage for additional details on these options.
BENEFITS OFFERED THROUGH COBRA
BENEFITS NOT OFFERED THROUGH COBRA
Medical & Rx
Supplemental Life & Voluntary AD&D
Voluntary Dental
Voluntary Accident (Plans B & C)
Voluntary Vision
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TAYLOR METAL PRODUCTS // OPEN ENROLLMENT GUIDE // EFFECTIVE JANUARY 1, 2024
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