Minnesota Sample COBRA Enrollment and / or Waiver Letter: Subject: Important Notice — COBRA Enrollment / Waiver Letter [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Beneficiary's Name] [Beneficiary's Address] [City, State, ZIP] Dear [Beneficiary's Name], I hope this letter finds you in good health. We are writing to inform you about critical information regarding your healthcare coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA). Please carefully review the following details to ensure you understand your rights and options. 1. Introduction to COBRA: The COBRA law was enacted to extend your health insurance coverage temporarily when your eligibility is ending due to certain qualifying events, such as employment termination, divorce, or becoming ineligible as a dependent. With COBRA, you have the opportunity to continue the same health benefit plan you had while actively employed, allowing for a smooth transition. 2. Enrollment Option: If you choose to enroll in COBRA coverage, you will receive the same level of healthcare protection as you had before your qualifying event. However, it is important to note that your responsibility for premium payments may differ, as you will now become responsible for the entire premium cost. Our detailed COBRA enrollment packet, enclosed with this letter, provides comprehensive instructions on how to enroll and the associated deadlines. 3. Waiver Option: If you decide not to elect COBRA coverage, you must complete the enclosed waiver form. By signing and returning the waiver form, you acknowledge your understanding that you are declining the opportunity to extend your health insurance coverage. Please ensure the waiver form is returned within [insert deadline] to avoid any lapse in coverage. 4. Deadlines and Payment Information: For both enrollment and waiver options, it is crucial that all necessary paperwork is completed and returned within [insert deadline] to guarantee a seamless transition in your healthcare coverage. Should you choose to enroll, please be aware that the first premium payment is due within 45 days from the date of this letter. Detailed instructions regarding the payment process are included in the COBRA enrollment packet. 5. Contact Information: Should you have any questions or require further assistance, please reach out to our dedicated COBRA service team at [insert contact information]. They will be readily available to guide you through the process, address your concerns, and provide any necessary clarifications. We understand that this may be a challenging time, but we are committed to supporting you throughout the COBRA enrollment process. Remember, your healthcare coverage is essential, and we are here to ensure a smooth transition and continued protection for you and your loved ones. Thank you for your attention to this matter. Your prompt response is greatly appreciated. Sincerely, [Your Name] [Your Title] [Company Name]
Minnesota Sample COBRA Enrollment and / or Waiver Letter
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FAQ
Employers should send notices by first-class mail, obtain a certificate of mailing from the post office, and keep a log of letters sent. Certified mailing should be avoided, as a returned receipt with no delivery acceptance signature proves the participant did not receive the required notice.
In addition, employers can provide COBRA notices electronically (via email, text message, or through a website) during the Outbreak Period, if they reasonably believe that plan participants and beneficiaries have access to these electronic mediums.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss,
COBRA Coverage PeriodsYou can cancel the COBRA coverage at any time within 18 months. You're not locked in. You will likely want to drop COBRA once you become eligible for a different health plan, such as if you get another job. If you stop paying premiums, COBRA coverage will end automatically.
COBRA continuation coverage notices are documents that explain employees' rights under the Consolidated Omnibus Budget Reconciliation Act of 1985. These documents generally contain a variety of information, including the following: The name of the health insurance plan.
Instead, Assistance Eligible Individuals do not have to pay any of the COBRA premium for the period of coverage from April 1, 2021 through September 30, 2021. The premium is reimbursed directly to the employer, plan administrator, or insurance company through a COBRA premium assistance credit.
If you want to avoid paying the COBRA cost, go with a short-term plan if you're waiting for approval on another health plan. Choose a Marketplace or independent plan for broader coverage. Choose a high-deductible plan to keep your costs low.
Q3: Which employers are required to offer COBRA coverage? COBRA generally applies to all private-sector group health plans maintained by employers that had at least 20 employees on more than 50 percent of its typical business days in the previous calendar year.
The COBRA Notice informs the qualified beneficiary of their rights under COBRA law, and the form allows the qualified beneficiary to elect COBRA coverage to continue enrollment in benefits.
If you waive COBRA coverage during the election period, you must be permitted later to revoke your waiver of coverage and to elect continuation coverage as long as you do so during the election period. Then, the plan need only provide continuation coverage beginning on the date you revoke the waiver.
