Is the COBRA benefit based on the former employees insurance coverage?
In general, COBRA coverage is based on the same coverage that the individual had at the time of the qualifying event. However, under the COBRA subsidy provision, an employer may offer an assistance-eligible individual the option of choosing other coverage that is also offered to active employees and that does not have higher premiums than the coverage the individual had at the time of the qualifying event. 9. Does the subsidy apply to medical and dental plans or medical only? Answer: The subsidy is generally available for COBRA continuation coverage under any group health plan, including medical, dental and vision coverage. However, it does not apply to a flexible spending arrangement (FSA) offered under a cafeteria plan. 10. If an employer changes the insurance offered under its group health plan, can the subsidy apply to an assistance-eligible individual’s coverage under the new insurance? Answer: Yes, as long as the individual’s coverage under the new insurance qualifies as COBRA co
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- Will the Budget System automatically calculate Employee Benefit amounts like Retirement and Health Insurance, based on the new DAS rates?
- Is the COBRA benefit based on the former employees insurance coverage?
