Consolidated Omnibus Budget Reconciliation Act (COBRA)

Question 1

Cobra is for employers with how many employees?

Answer 1

20 or more full time employees, (part time employees count as ½, so 15 FT and 10 PT would meet 20 employee requirement)

Question 2

What are the six qualifying events for COBRA

Answer 2

1. Death of covered employee
2. Termination of the employee for any reason EXCEPT GROSS MISCONDUCT
3. Reduction of employee’s hours so no longer eligible for coverage
4. Divorce or legal separation of covered employee or spouse
5. For spouses or children, employee’s eligibility for Medicare
6. Child ceasing to be an eligible dependent under plan

Question 3

COBRA: Cost of the continued insurance may be passed on to the qualified beneficiary at what cost?

Answer 3

Cost cannot exceed 102% of the cost paid by employee and employer

Question 4

Maximum Continuation coverage of termination for reasons other than gross misconduct

Answer 4

18 months

Question 5

COBRA: Maximum continuation of coverage for employee enrollment in Medicare

Answer 5

36 months

Question 6

Maximum Continuation coverage for Divorce or legal separation

Answer 6

36 MONTHS

Question 7

COBRA: Maximum continuation coverage for death of employee or loss of dependent child status

Answer 7

36 months

Question 8

COBRA: Maximum continuation coverage for employee meeting social security definition of disability

Answer 8

29 months