ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
COBRA
Question of the Week - Resuming COBRA After Terminating Coverage
Q.- A former employee continued coverage under COBRA. She terminated COBRA effective 12/31/2024 and enrolled in a Marketplace plan starting 1/1/2025. She doesn’t like the plan and
Q.- A former employee continued coverage under COBRA. She terminated COBRA effective 12/31/2024 and enrolled in a Marketplace plan starting 1/1/2025. She doesn’t like the plan and wants to re-enroll in our COBRA coverage back to 1/1/2025. Can she do this?
A.- The Federal Marketplace offers individual insurance plans, not group health coverage. Therefore, enrolling in a Marketplace plan by itself would not terminate an individual’s right to COBRA coverage. This becomes a standard late-pay issue which is up to the employer to decision, considering if permitted by the insurance company and setting precedent for other late pay COBRA continuants.
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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