CES COBRA and Continuation Coverage

Question 1

What does COBRA stand for?

Accepted Answer

Consolidated Omnibus Budget Reconciliation Act

Answer

Coordinated Omnibus Benefits and Rights Act

Answer

Comprehensive Outpatient Benefits Reform Act

Answer

Consolidated Optional Benefits Retirement Agreement

Question 2

Which employers are required to offer COBRA continuation coverage?

Accepted Answer

Employers with 20 or more employees in the prior year

Answer

All employers regardless of size

Answer

Employers with 50 or more full-time equivalent employees

Answer

Only federal government employers

Question 3

How many days does a qualified beneficiary have to elect COBRA after receiving notice of the right to continuation coverage?

Accepted Answer

60 days

Answer

30 days

Answer

45 days

Answer

90 days

Question 4

What is the maximum premium that a COBRA enrollee can be charged?

Accepted Answer

102% of the group rate

Answer

100% of the group rate

Answer

110% of the group rate

Answer

115% of the group rate

Question 5

Voluntary termination of employment is considered a qualifying event for COBRA for how long?

Accepted Answer

18 months

Answer

12 months

Answer

24 months

Answer

36 months

Question 6

Divorce or legal separation from the covered employee triggers COBRA continuation for how long?

Accepted Answer

36 months

Answer

12 months

Answer

18 months

Answer

29 months