Continuation Coverage Form For Cobra
Description
How to fill out COBRA Continuation Coverage Election Form?
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FAQ
Employees are eligible to continue health FSA coverage through COBRA only if their account is underspent at the time of the qualifying event, such as termination of employment. The health FSA is underspent if the employee has contributed more to the health FSA than has been reimbursed at the time of the event.
Money left unused in your FSA goes to your employer after you quit or lose your job unless you are eligible for and choose COBRA continuation coverage of your FSA.
How to get COBRA coverage. When a qualifying life event happens, you or your employer will notify the health plan. The plan will send an election notice that you will have 60 days to respond to. If you elect to take COBRA coverage, your employer may pay a portion of or the full amount of your insurance premium.