Locate Your QELs in MyEnroll360
Did you know that when you process a COBRA or Continuation of Coverage qualifying event letter in MyEnroll360 it is available for download on the next business day?
Question of the Week - ICHRA and COBRA Coverage
Q.- We are replacing our standard group health plan with ICHRA coverage. Do we have to offer COBRA to individuals who lose ICHRA coverage for a COBRA qualifying event?
Q.- We are replacing our standard group health plan with ICHRA coverage. Do we have to offer COBRA to individuals who lose ICHRA coverage for a COBRA qualifying event?
A.- An ICHRA is a group health plan subject to COBRA. Since the ICHRA group health plan is replacing the prior non-ICHRA group health plan, you should offer qualified beneficiaries the ability to continue their ICHRA coverage under COBRA upon a qualifying event.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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