When is COBRA continuation coverage available? Clause Samples
This clause defines the circumstances under which COBRA continuation coverage becomes available to employees and their families. It typically applies when a qualifying event, such as job loss, reduction in work hours, divorce, or death of the covered employee, would otherwise result in the loss of group health insurance coverage. By outlining these triggering events, the clause ensures that individuals are informed of their rights to maintain health coverage, thereby preventing unexpected gaps in insurance during significant life changes.
When is COBRA continuation coverage available? i. The Plan will offer COBRA continuation coverage to qualified beneficiaries only after the Plan Administrator has been notified that a qualifying event has occurred. The employer must notify the Plan Administrator of the following qualifying events:
1) The end of employment or reduction of hours of employment;