The end of Covid means… new health plan regulatory guidance!
See the link for new / important regulatory guidance that every employer and third-party administrator (TPA) must know.
Learn why September 8 might be an important date!
Here’s an example of note, regarding COBRA, adapted from the new guidance:
Barry participates in his employer’s group health plan.
Barry experiences a qualifying event for COBRA purposes and loses coverage on April 1, 2023.
Barrry is eligible to elect COBRA coverage and is provided a COBRA election notice on May 1, 2023.
What is the deadline for Barry to elect COBRA?
Conclusion: The last day of Barry’s COBRA election period is 60 days after July 10, 2023 (the end of the Outbreak Period), which is September 8, 2023.