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 - Paying for COBRA
How long does a former employee have to pay for COBRA coverage? An individual who is eligible for COBRA has 60 days to elect COBRA and 45 days from the date...
Q- How long does a former employee have to pay for COBRA coverage?
A.- An individual who is eligible for COBRA has 60 days to elect COBRA and 45 days from the date of their COBRA election to make their first premium payment. After the initial payment, COBRA premiums must be paid on a monthly basis, and there is a minimum 30-day grace period for subsequent payments.
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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