Published Date: 05/19/2014
By Pat Rountree
The US Department of Labor (DOL) reported on May 2 that the Obama administration has released new Consolidated Omnibus Budget Reconciliation Act (COBRA) notices to ensure that employees who lose their employer-provided coverage are aware that they have the option to choose coverage through the Health Insurance Marketplace or continue coverage through the employer plan on COBRA.
The updated model notices for single employer plans are posted on the DOL website. The General Notice is located at http://j.mp/co-14. The Election Notice is located at http://j.mp/me-no. The new notices are electronic and modifiable to allow employers to add their specific plan information.
The US Department of Health and Human Services has created a notice to advise COBRA participants who were not aware of the option to enroll in Marketplace coverage that they may enroll during a special enrollment period extending to July 1, 2014. (See http://j.mp/co-mm.) This notice is applicable to COBRA participants in states that are participating in the Federally-Facilitated Marketplace (North Carolina and other states that do not have a state-run exchange). Employers should consider sending this notice to COBRA participants where applicable to notify them of the option to purchase health coverage (or at least compare cost and coverage) through the Marketplace during this special election period rather than continue COBRA.
FAQ’s related to the revised COBRA notices have been posted on the DOL website at http://j.mp/aca-c.