Q.- We just hired 4 employees this week and now we have 23 employees. Before this week we never had more than 19 employees. One employee also quit. Do we have to offer that individual COBRA?
A.- No. COBRA generally requires that group health plans sponsored by employers with 20 or more employees in the prior year offer COBRA continuation coverage when coverage under the group health plan would otherwise end. Going over the 20 employee threshold does not create an immediate COBRA obligation. You will have to look to the number of employees in the prior year. If you continue to employ 20 or more employees, you may have a COBRA obligation next year.
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).
