What does continuation of coverage mean?

What does continuation of coverage mean?

Continuation coverage allows someone who recently lost their employer-based health coverage to continue their current insurance policy as long as they pay the full monthly premiums.

What is coverage continuation benefit?

COBRA generally requires that group health plans sponsored by employers with 20 or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage (called continuation coverage) in certain instances where coverage under the plan would otherwise end.

How does COBRA work in GA?

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.

Does Georgia have mini COBRA?

What is mini-COBRA? Georgia, like some other states, has passed mini-COBRA laws to cover businesses that offer group health insurance but employ fewer than 20 employees. As such, in Georgia, if you employ at least two employees, you’re obligated to offer COBRA to former employees.

What is the difference between COBRA and continuation of coverage?

State continuation coverage refers to state laws that enable employees to extend their employer-sponsored group health insurance even if they are not eligible for an extension through COBRA. While COBRA law applies throughout the U.S., it is only applicable to employers with 20 or more employees.

What does continuation death benefit mean?

A spousal continuation is a death benefit option for the surviving spouse that allows the beneficiary to assume ownership of the annuity contract preserving tax-deferred growth as long as the contract remains in force.

Under which law must former employees be given the choice to continue their coverage as well as coverage for their spouses and dependents for up to 18 months?

Federal COBRA requires continuation coverage be offered to covered employees, their spouses, former spouses, and dependent children. Federal COBRA applies to employers and group health plans that cover 20 or more employees.

How long is state continuation in Georgia?

Georgia’s Continuation Law. Basically, it provides a short, 90-day coverage package for those losing employment. Under this law, if you were covered, with a premium paid in advance for the month of termination, you get the remainder of that month of termination by law.

How long can you be on COBRA insurance in Georgia?

18 months
COBRA beneficiaries generally are eligible to pay for group coverage during a maximum of 18 months for qualifying events due to employment termination or reduction of hours of work.

How long can you get COBRA in Georgia?

Voluntary or involuntary job loss (except in instances of gross misconduct) triggers 18 months of COBRA coverage for you and your dependents. However, your spouse and dependent children are entitled to 36 months of continued coverage under certain circumstances: You become eligible for Medicare.

Which of the following laws relate to the continuation of benefits after the termination of an employee?

Cal-COBRA is a California Law that lets you keep your group health plan when your job ends or your hours are cut. It may also be available to people who have exhausted their Federal COBRA.

Which act allows employees to continue health care coverage beyond the benefit termination date?

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allow employees to continue healthcare coverage beyond the benefit termination date.

How long can you have COBRA insurance in Georgia?

Former employees of SHBP Employing Entities and their covered dependents may continue their SHBP coverage for a minimum of eighteen (18) months in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

How does COBRA work after leaving job?

You may be able to keep your job-based health plan through COBRA continuation coverage. COBRA is a federal law that may let you pay to stay on your employee health insurance for a limited time after your job ends (usually 18 months). You pay the full premium yourself, plus a small administrative fee.

Who is eligible for continuation coverage in Georgia?

An individual is eligible for continuation coverage if he or she lives in Georgia and has 18 months of aggregate creditable coverage and is not eligible for any of the following types of coverage: • Medicaid.

What are my continuation rights under Georgia law and Cobra?

Both Georgia law and the Consolidated Omnibus Budget Reconciliation Act (COBRA) permit employees to continue their group health coverage if they leave the group for certain specified reasons. According to federal law, when comparing state and federal continuation rights, employees may use the law that is more favorable to their situation.

How long can you stay on COBRA insurance in Georgia?

The federal COBRA Act provides workers the opportunity to stay on their former health plan for 18 months. The exception in Georgia is that the state has a “mini-COBRA” continuation coverage law that requires employers with between two and 19 employees to provide medical benefits if the employee had worked for at least 6 month.

Can I extend my Cobra coverage?

However, if you qualify for COBRA continuation coverage, you may be able to extend your healthcare coverage for a limited period of time, until you are able to secure coverage from another source, either a new job or an individual health insurance plan.

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