House Democrats Introduce New COVID-19 Bill That Would Help Workers Keep Job-Based Health Coverage
House Democrats proposed a new bill, The Worker Health Coverage Protection Act, which would provide federal assistance to cover the full cost of COBRA premiums for workers or the full cost of health insurance premiums owed by workers who are furloughed. While it is premature to assume the passage of this bill or any variation of it, OCA has already begun preparing for any potential outcome. During this time, employers should be aware of all their COBRA obligations, procedures, and timelines to ensure they remain in compliance with government regulations. Failure to comply with COBRA can lead to significant financial consequences.
We are here to help our clients address the challenges being faced in today’s workplace. To that end, our goal is to provide an overview of OCA’s COBRA Administration processes as it relates to the below COBRA topics. In addition we will provide a regulatory update on COVID-19 and its impact on COBRA coverage.
Webinar Agenda Topics Will Include:
- COVID-19 Update and Proposed Bills
- COBRA in a Nutshell
- Plans Subject to COBRA
- What Triggers the Obligation to Offer COBRA
- Who Must be Offered COBRA
- What is a Loss of Plan Coverage
- What type of COBRA Coverage Must Be Offered
- COBRA Election Process
- COBRA Premium Collection & Remittance Options
COBRA Extension Communication Notices Include COBRA Extension Deadlines On April 29, 2020, the Federal government extended certain COBRA deadlines for COBRA Qualified Beneficiaries should they need additional time due to the current COVID-19 pandemic. The government...
PCORI Fee The Affordable Care Act imposes an annual fee called the Comparative Effectiveness Research Fee.PCORI In a Nutshell The Affordable Care Act imposed a fee on applicable self-insured health plans (i.e. HRA plans) to help fund the Patient-Centered Outcomes...