Q.- A former employee continued coverage under COBRA. She terminated COBRA effective 12/31/2024 and enrolled in a Marketplace plan starting 1/1/2025. She doesn’t like the plan and wants to re-enroll in our COBRA coverage back to 1/1/2025. Can she do this?
A.- The Federal Marketplace offers individual insurance plans, not group health coverage. Therefore, enrolling in a Marketplace plan by itself would not terminate an individual’s right to COBRA coverage. This becomes a standard late-pay issue which is up to the employer to decision, considering if permitted by the insurance company and setting precedent for other late pay COBRA continuants.
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).