COBRA Participant definition
Examples of COBRA Participant in a sentence
Vistana will be responsible for all liabilities with respect to any Vistana Employee or COBRA Participant and their dependents, regardless of when such claims are filed and/or paid, under the Vistana Flexible Benefits Plan with respect to all claims incurred on or after April 1, 2016 and Starwood shall not be responsible for any “true up” payment with respect to such claims, including for the period that Vistana remains part of the Starwood controlled group.
The TPA will notify each COBRA Participant, in writing, of any default in payment of premium, or other default causing loss of coverage, including the date of default and the date COBRA continuation coverage terminated.
The TPA will establish, or cause to be established, a system to credit the premium payments to the appropriate Qualified Beneficiary or COBRA Participant.
The TPA will notify each COBRA Participant of the date COBRA continuation coverage will expire in the absence of any default.
If you have elected a benefits package that includes Insperity Group Health Plan coverage, you terminate Staff in connection with a layoff or other reduction in force during the ninety (90) day period following the Effective Date, and such terminated Staff elect COBRA coverage (the “RIF COBRA Participants”), then you will be subject to the Excess COBRA Participation Fee described below for each RIF COBRA Participant in excess of the remaining Allowable COBRA Takeover Participants (if any).
Each Eligible COBRA Takeover Participant who elects coverage (COBRA or state continuation) in excess of the Allowable COBRA Takeover Participants will be subject to the Excess COBRA Participant Fee described below.
The TPA will notify the Plan Sponsor of the date COBRA continuation coverage will expire, in the absence of any default, for each COBRA Participant.
Provided the TPA acts in accordance with this Agreement, the TPA will have no liability to any COBRA Participant or Qualified Beneficiary for failure of the Plan Sponsor to properly notify the TPA and provide the information required for the TPA to perform its obligations under this Agreement.
Each Eligible COBRA Acquisition Participant who elects COBRA coverage in excess of the Allowable COBRA Acquisition Participants will be subject to the Excess COBRA Participant Fee described below.
The Trust (through its designated vendor(s)) will provide the following COBRA services: o Initial COBRA notices o COBRA Election notices o Open Enrollment notices to COBRA Participants o Billing and Processing of COBRA Participant premium payments Trust shall maintain, for the duration of this Agreement, the usual and customary books, records and documents, including electronic records.