Q.- We are replacing our standard group health plan with ICHRA coverage. Do we have to offer COBRA to individuals who lose ICHRA coverage for a COBRA qualifying event?
A.- An ICHRA is a group health plan subject to COBRA. Since the ICHRA group health plan is replacing the prior non-ICHRA group health plan, you should offer qualified beneficiaries the ability to continue their ICHRA coverage under COBRA upon a qualifying event.
Benefit Allocation Systems (BAS) provides best-in-class, online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 can Integrate with any insurance carrier for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and many others), and integrate with any payroll system for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and many others).
