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jq80297

Who is required to pay for Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage?

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Answered by Rachel Green
0 Upvotes

Payment for COBRA coverage

 Beneficiaries may be required to pay for COBRA coverage. The premium cannot exceed 102 
percent of the cost to the plan for similarly situated individuals who have not incurred a qualifying 
event, including both the portion paid by employees and any portion paid by the employer before the 
qualifying event, plus 2 percent for administrative costs. For qualified beneficiaries receiving the 11 
month disability extension of coverage, the premium for those additional months may be increased to 
150 percent of the plan's total cost of coverage. 
jca68898
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Written 3 years ago
 
 
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