Episode Details

Episode Summary:
In this episode of Employee Benefit Plans and Business Sense, hosts Doll Lank and Kathleen Solis Bass from KLB Benefits Law Group join Lisa Mosbey to delve into the complexities of COBRA compliance. The discussion begins with an explanation of COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1985, and its significance in providing temporary extension of group health plan coverage. Kathleen outlines which plans must comply with COBRA, the qualifying events that trigger COBRA rights, and the eligibility criteria for employees and their dependents. The conversation also covers the costs of continuation coverage, the duration of coverage, and the responsibilities of both employers and employees in administering and electing COBRA. Additionally, the episode touches on state laws that impact COBRA and the potential penalties for non-compliance. This episode is essential for employers and HR professionals seeking to understand the intricacies of COBRA and ensure compliance with federal and state regulations.

Key Timestamps:
00:01 – Introduction
0:54 – What is COBRA?
1:45 – Plans Required to Comply with COBRA
2:38 – Understanding COBRA Rights
3:02 – Events Triggering COBRA Rights
5:10 – Eligibility for COBRA
6:23 – Costs of Continuation Coverage
7:18 – Duration of COBRA Coverage
9:18 – Employer Responsibilities for COBRA
14:04 – Employee Responsibilities for COBRA
16:05 – Impact of State Laws on COBRA
16:58 – Penalties for COBRA Non-Compliance

About the Show:
Employee Benefit Plans and Business Sense is a podcast dedicated to helping employers and benefit plan service providers navigate the complex legal landscape of employee benefit plans. Hosted by experts from KLB Benefits Law Group, the show covers a wide range of topics, including compliance matters, IRS and DoL audits, and the intricacies of employee benefits law. With decades of combined experience, the hosts provide practical insights and guidance to ensure that businesses remain compliant and informed. Whether you're an HR professional, business owner, or service provider, this podcast offers valuable information to help you manage and optimize your employee benefit plans effectively.