COBRA QUALIFYING EVENT title: COBRA qualifying event (PA-BN) (SAP Library - Glossary)
COBRA QUALIFYING EVENT category: Benefits (PA-BN)
COBRA QUALIFYING EVENT explained:
An event that causes an individual participating in a group health plan to lose coverage under the same terms and conditions as effective immediately prior to the event. On loss of coverage due to a qualifying event, an employee and/or enrolled dependents are eligible to coverage continuation under the provisions of the COBRA regulations.
The following events trigger qualification for COBRA:
Termination of employment Reduction in working hours Death of employee Employee's entitlement to Medicare Divorce Legal separation Child's loss of dependent status Bankruptcy of employerMore terms such as COBRA qualifying event in Dictionary C.
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