Qualifying Event

1 minuteread by Gary Huddleston

Qualifying Event — As it pertains to the Consolidated Omnibus Budget Reconciliation Act (COBRA), an event that triggers the continuation of coverage provisions of the Act. According to the Department of Labor (DOL), the health benefit provisions of COBRA “require group health plans to provide a temporary continuation of group health coverage that otherwise might be terminated.” The continuation of coverage can range from 18 months to 36 months, depending on the type of qualifying event, and typically comes with a small administrative charge in addition to the regular premium.Qualifying events include the following.Covered employee’s terminationReduction of hours of employmentDeath of a covered spouseDivorceEntitlement to Medicare of a covered spouseBankruptcy of a private-sector employer

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1 minuteread by Gary Huddleston

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