An Introduction  to COBRA

An Introduction to COBRA PowerPoint PPT Presentation


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An Introduction to COBRA

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1. An Introduction to COBRA

2. Introduction What is COBRA? Who is eligible? How does it work? What does it cost? What are the alternatives? What do I need to do?

3. What Is COBRA? Legal requirement to offer continued health benefits upon separation from the company

4. Who Is Eligible? Any family member covered on the last day of employment Anyone who becomes a new dependent after that date (marriage, birth, etc.) Family members added at open enrollment

5. How Does It Work? TRI-AD is SDSURF’s COBRA Administrator TRI-AD handles the entire process All COBRA questions go to TRI-AD Claims and coverage questions go to the appropriate insurance company: Health Net Kaiser VSP Horizon Health

6. The COBRA Flow

7. An Example of Timing

8. Basic Concepts

9. What Are The Costs? Participants Pay 102% of the total cost of the benefit

10. Alternative 1: Elect COBRA Pros: Peace of Mind Continuity of care

11. Alternative 2: Explore Other Options Use the 60-day period wisely Coverage through a spouse? An individual policy? A mix of COBRA and individual? Pros Keeps your COBRA option open Allows you to find the best fit for your needs Cons Deciding what to do if you get sick

12. Next Steps Look for all mail from TRI-AD – don’t throw it away! Contact your insurance broker and/or spouse’s employer If you elect COBRA, pay attention to due dates and timing – and pay on time each month.

13. Contacting TRI-AD TRI-AD’s COBRA Dept is your representative (888) 844-1372, [email protected] Monday through Friday 7:30 AM to 5:30 PM PST The TRI-AD call center can help Same number, hours and email address Main web site: www.tri-ad.com 221 West Crest St, Suite 300 Escondido, CA 92025, Attn: COBRA Unit

14. Questions? Contact SDSURF’s Human Resources at: [email protected] Looking for More Information? Visit SDSURF’s Human Resources website at: - Benefits COBRA Info - Cobra Rates

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