The COBRA Blog

COBRA Cheat Sheet: IRS ACA Reporting Rules

Posted by Robert Meyers on Wed, Nov 18, 2015 @ 12:11 PM

The very first Affordable Care Act (ACA) reporting deadline is quickly approaching. In fact, individual statements must be sent to employees no later than February 1, 2016.

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Tags: aca reporting

COBRA CONUNDRUMS – Do COBRA Obligations Exist Even if Coverage Does Not End?

Posted by Robert Meyers on Tue, Nov 03, 2015 @ 17:11 PM

Do COBRA obligations exist even if coverage does not end? This seems like a silly question. COBRA, after all, provides continuation under an employer’s plan after a loss of coverage. However, as with most things involving health insurance (think Affordable Care Act), the term “loss of coverage” is more complicated than you may think.

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ACA Alert: It’s Time to Catch Up on Reporting Requirements

Posted by Robert Meyers on Thu, Sep 24, 2015 @ 13:09 PM

Summer has officially ended.  By now, your kids are back in school, your tan is fading and the end of the year will be here before you know it.  It is time to play catch-up on ACA reporting. 

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Telemedicine and COBRA Administration

Posted by Robert Meyers on Mon, Sep 14, 2015 @ 11:09 AM

Telemedicine is catching on.  Telemedicine programs continue the integration of technology and medicine.  Using a telemedicine program might allow an employee to call, send an email, send pictures via text message or even participate in a video call with a doctor to receive a medical diagnosis or advice. 

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COBRA Election Notices May Need to be Updated Again

Posted by Robert Meyers on Mon, Aug 17, 2015 @ 14:08 PM

On July 6, 2015, President Obama signed the Trade Preferences Extension Act of 2015.  The Act retroactively reinstated a refundable federal tax credit of up to 72.5% of the cost of qualified health insurance premiums – including COBRA.  The tax credit is generally for individuals in certain industries whose jobs are lost or threatened due to foreign-trade related circumstances and for individuals over age 55 receiving payments from the PBGC relating to a terminated, underfunded pension plan.

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How to Coordinate COBRA with ACA Eligibility

Posted by Robert Meyers on Thu, Aug 06, 2015 @ 13:08 PM

There are several tricky scenarios that arise when coordinating COBRA coverage under the Affordable Care Act (ACA).  Case in point: Alex lost his job in August and elected COBRA coverage. However, he subsequently stopped paying his COBRA premiums and his COBRA coverage ended effective 10-31-14. He thought that he could score more affordable coverage through the Marketplace, but soon learned that because he let his COBRA expire, he was not eligible to apply for Marketplace coverage until the next Open Enrollment period, and then, his coverage would not become effective until January 1.

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Back to Basics – COBRA Independent Election Rules

Posted by Robert Meyers on Thu, Jul 16, 2015 @ 15:07 PM

In this crazy post-ACA world, everyone is struggling to learn how the new rules apply to COBRA administration.  Now more than ever, it is important to revisit the basic building blocks of COBRA.

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SBCs 101: Final Regulations for Summary of Benefits and Coverage (SBCs)

Posted by Robert Meyers on Tue, Jun 23, 2015 @ 10:06 AM

On June 12, 2015, the Departments of Labor, Treasury and Health and Human Services finalized regulations explaining the requirement to provide a Summary of Benefits and Coverage (SBC).  The Affordable Care Act (ACA) created the SBC requirement to provide individuals with health plan information in an easily understandable format with the hope that these individuals could better compare health insurance options.

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Pondering COBRA Outsourcing? Three Factors to Consider:

Posted by Robert Meyers on Tue, Jun 09, 2015 @ 11:06 AM

Regardless of what you may have heard, COBRA administration continues to be required even with health reform and the elimination of pre-existing condition exclusions. That said, staying up to date with both the Affordable Care Act and COBRA compliance requirements can be overwhelming, and therefore, outsourcing COBRA administration has grown in popularity over the years. In 2004, the Society of HR Managers issued a study indicating that 38 percent of employers outsource their COBRA administration. In the last 10 years, that number has likely doubled.

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Loss of Coverage before Divorce … What Difference Does it Make?

Posted by Robert Meyers on Mon, May 18, 2015 @ 14:05 PM

We’ve all heard that 50 percent of marriages end in divorce. Regardless of the accuracy of this statement, it is reasonably certain that divorce or legal separation will happen within a workforce with 20 or more full time employees (the federal COBRA threshold).  Thus, just like death, taxes, and Affordable Care Act reporting, divorce is one of those unpleasant certainties for which we must prepare.   

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