The Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has released updated versions of its model COBRA General Notice and model COBRA Election Notice, both with an expiration date of Jan. 31, 2023.

To administer coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), employers and plan administrators are required to provide specific notices and disclosures to covered individuals and qualified beneficiaries. The most significant COBRA notice requirements for plan administrators are the general notice and the election notice.

Highlights

  • Plan administrators must provide covered individuals with the general notice within 90 days after their group health plan coverage begins
  • Plan administrators must provide qualified beneficiaries with an election notice within 14 days after receiving notice of a qualifying event (44 days under certain circumstances).
  • The DOL has a model general notice and a model election notice for employers to use. Employers are not required to use these model notices; however, using them will constitute a good faith effort to comply with the requirements for these notices.

Downloadable content is reserved for North Risk Partners clients. MyWave Connect login credentials are needed to download the bulletin.

If you have questions related to this update, please contact your North Risk Partners advisor. Don’t have an advisor? No problem. We’ll help you find one.

The content above is provided by Zywave, a company committed to providing educational resources to the insurance and risk management industry. Content and material included herein is intended to reflect North Risk Partners’ service offerings and knowledge within the insurance and risk management industry. Zywave does not represent North Risk Partners. Content is provided strictly for editorial and informational purposes. This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.