Coping with COBRA… and Employer Reporting!

Employer reporting is hard enough! But, employer reporting when there has been a COBRA qualifying event revives images of coiled snakes striking out.

Final 2015 instructions for completing forms 1094-C and 1095-C changed some of the rules related to reporting COBRA offers of coverage.

Example for Termination at end of month

 Facts or Assumptions:

  • Employer offers insured plan
  • Coverage for lowest cost employee premium is $300
  • Offer of COBRA to employee who lost coverage as a result of termination on last day in February and former employee enrolled in coverage
  • Assumes MEC/MV coverage was also offered to former employee’s spouse and dependents as well as the former employee and only the former employee enrolled.

cobra end of month reporting_Page_1

Example for Termination during month

 Facts or Assumptions:

  • Employer offers insured plan
  • Coverage for lowest cost employee premium is $300
  • Offer of COBRA to employee who lost coverage as a result of termination mid-February and former employee enrolled in coverage
  • Assumes MEC/MV coverage was also offered to former employee’s spouse and dependents as well as the former employee and only the former employee enrolled.

cobra 2 term mid month COBRA_Page_1

 

 

 

 

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