With health care insurance evolving, so has COBRA and the way employers are required to manage it - get up to speed to make sure you're in compliance.
COBRA compliance presents many risks, some of which can be catastrophic. It is critical that employers provide required notices and accurate information about employees' rights and obligations under COBRA from beginning to end of the employment relationship, and ensure proper administration of its COBRA compliance program. Failure to do so can result in an employer being responsible for major medical expenses out of its own pocket. This topic will cover the legislative rationale that underlies COBRA continuation coverage as well as the nuts and bolts of compliance. Following this material, you will be able to develop internal systems to ensure compliance, recognize potential issues early on before they become problems, and determine whether outsourcing COBRA compliance to a third party makes sense.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
In the Beginning--a Refresher
- The Problem-High Employee Turnover Puts Health Coverage in Jeopardy
- The Solution-Permit Employees to Continue Coverage After Termination
- The Statute-Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA)
Nuts and Bolts
- Which Employers Are Subject to COBRA?
- What Coverage Must Be Offered?
- Who Is Covered?
- How Long Is Coverage?
- What Is the Premium?
How Does COBRA Work?
- Initial Notice
- Qualifying Event
- Election Notice
- Election
- Termination of Coverage
- Qualified Medical Child Support Orders
Pressure Points to Consider
- Failure to Provide Initial Notice
- Failure to Provide Timely (or Any) Election Notice
- Establishing the Date of the Qualifying Event
- Severance Agreements
- Third Party Administration
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Credit
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 10, 2019.
Call 1-866-352-9540 for further credit information.
- ASA 1.5
- This program qualifies for 1.5 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Douglas Dormire Powers
Beckman Lawson, LLP
- Partner in the law firm of Beckman Lawson, LLP, in Fort Wayne, Indiana
- More than 30 years of private practice experience following three successive federal judicial clerkships
- Since 1995, he has focused his practice on employee benefits compliance and litigation
- Has counseled clients on a variety of benefits compliance issues, including fee-for-service plan design consulting, Affordable Care Act compliance, EPCRS applications, Voluntary Fiduciary Compliance Program applications, HIPAA Privacy Rule compliance, COBRA compliance, and QDRO compliance
- Also litigated a wide range of benefits-related cases in state and federal court, including breach of fiduciary duty claims, claims for benefits, collectively bargained benefits, and reinsurance coverage issues for self-funded health plans
- Past president of the Great Lakes Employee Plans/Exempt Organizations Council, one of five regional councils that regularly consult with the IRS and DOL on regulatory issues and developments
- Frequent speaker and wrote on a wide range of benefits issues
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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