What’s Required In A COBRA Election Notice?
What information will my employer send me about COBRA coverage?
The election notice should include:
- The name of the plan and the name, address, and telephone number of the plan’s COBRA administrator
- Identification of the qualifying event;
- Identification of the qualified beneficiaries (by name or by status);
- An explanation of the qualified beneficiaries’ right to elect continuation coverage;
- The date coverage will terminate (or has terminated) if continuation coverage is not elected;
- How to elect continuation coverage;
- What will happen if continuation coverage isn’t elected or is waived;
- What continuation coverage is available, for how long, and (if it is for less than 36 months), how it can be extended for disability or second qualifying events;
- How COBRA coverage may terminate early;
- Premium payment requirements, including due dates and grace periods;
- A statement of the importance of keeping the plan administrator informed of the addresses of qualified beneficiaries;
- A statement that the election notice does not fully describe COBRA or the plan and that more information is available from the plan administrator and in the SPD.