COBRA (Consolidated Omnibus Budget Reconciliation Act) became law in 1986. It gives certain former employees the right to keep group health insurance benefits that would otherwise be lost after voluntary or involuntary termination of employment or a reduction in hours.
COBRA also lets family members who were covered by the employee’s group health insurance retain coverage after a qualifying event that would normally cause them to lose the coverage. If coverage ends because employment ends (other than for gross misconduct), or because hours are reduced, the employee and qualified dependents are allowed to keep the employer’s health insurance coverage for up to 18 months. Longer coverage is permitted in other situations.
Nyhart can help you comply with COBRA, starting with the following evaluation:
Nyhart provides the following consulting and administration services for COBRA:
Our clients regularly recognize us for the level of service we provide and the attention to detail, independent voice and reliability of our COBRA services. We are extremely client-driven.
Each client at Nyhart has a dedicated team of actuaries, plan advisers and administrators. We provide you direct access to your team so your questions and issues can be handled confidentially by a team who knows your COBRA plan and can immediately help you resolve your issues.
Do you have an COBRA question or are interested in learning how Nyhart may be able to provide the long-term partnership to help you administer COBRA for your company or government agency? Please call us at (317) 845-3500 or email us at email@example.com today and we will be in touch quickly. We want to earn your business!