07/13/1998 Council Packet - Laserfiche WebLink

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POLICY: 5.3 APPROVED: Lino Lakes City Council EFFECTIVE/ ADOPTED DATE: 13 July 1998 LOCATION: Personnel Policy - Section APPLICABILITY: All City Employees 5.3 COBRA Coverage The federal Consolidated Omnibus Budget Reconciliation Act (COBRA) gives employees and their qualified beneficiaries the opportunity to continue health insurance coverage under the city's health plan when a "qualifying event" would normally result in the loss of eligibility. Some common qualifying events are resignation, termination of employment, or death of an employee; a reduction in an employee's hours or a leave of absence; an employee's divorce or legal separation; and a dependent child no longer meeting eligibility requirements. Under COBRA, the employee or beneficiary pays the full cost of coverage at the city's group rates plus any additional administrative fee, if applicable. The finance department will provide each eligible employee with a written notice describing rights granted under COBRA when the employee becomes eligible for coverage under the city's health insurance plan. The notice contains important information about the employee's rights and obligations.