May 20, 2014
Quick! Do Employers Need to Update Their COBRA Notices?

On May 2, 2014, the Department of Labor (“DOL”) issued new model COBRA notices in conjunction with a proposed rule that would shift the role of the DOL’s model COBRA notices from a helpful example to an indicator of required content. The new model notices have been revised to explain to individuals eligible for COBRA continuation coverage that they may elect to obtain coverage either through COBRA or the Health Insurance Marketplace (“Marketplace”), and how to go about enrolling.

Employers should immediately consider modifying or replacing their current COBRA notices to ensure compliance with their required COBRA responsibilities and also to possibly reduce the Employer’s cost of COBRA continuation coverage overall.

To view the full alert, click here.