Continuation of Insurance Benefits--COBRA
Faculty and Staff Benefits--Continuation of Insurance Benefits--COBRA
Policy
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Document Number: HR--129 Revision #: 1.0
Document Owner: Executive VP Date Last Updated: 08/17/2012
Primary Author: Director of Human Resources Status: Approved
Date Originally Created: 01/17/2012
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General Description
Description: Information about continuation of insurance benefits through COBRA relative to HR policy.
Purpose: Delineation of policy.
Scope: All faculty, staff, and administrators
Responsibility: Human Resources
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Requirements
Relevant Knowledge: In order to comply with this policy you should know:
Current University policy
Standards of good practice
Standard company policies
Terms and Definitions: Additional training
Corrective Action
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Policy Provisions
1. Continuation of Insurance Benefits--COBRA
Upon termination of employment and certain other qualifying events, employees and/or their dependents may be eligible for a temporary continuation of the health insurance. If an employment changes -- from a status with health care benefits to a status not eligible for benefits -- the employee may be able to continue the health care (medical) coverage at their own cost under a federal provision known as COBRA (Consolidated Omnibus Budget Reconciliation Act). Solely the former employee must pay the full cost of the monthly premium plus an administrative charge. For complete details, the employee should contact the Director of Human Resources.
At the time of employment termination of an employee, a COBRA Notice/COBRA Continuation Election Form will be mailed, certified, to the last known home address by the Director of Human Resources.
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Performance Evaluation
Performance Metrics: Compliance with standard policy and procedure
Consequences: Further training
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Subject Experts
The following may be consulted for additional information.
Director of Human Resources