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If employee benefits compliance doesn't sound fun to you, then you haven't listened to ERISA is a friend of mine, a podcast hosted by the Compliance Services professionals from Lockton. Join hosts Edward Fensholt, J.D., director of Compliance Services, and Scott Behrens, J.D., director of Government Relations, to learn the intricacies of the Employee Retirement Income Security Act (ERISA) and other employee benefits laws, one hilarious topic at a time. 

 

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  2. COBRA: The not so scary one

COBRA: The not so scary one

Mar 2, 2020

Depending on who you are the CORBA law could be as scary as an actual cobra (or Cobra Kai). If you’re not careful, COBRA can strike and be deadly. Okay, maybe not deadly but at the very least costly. In this episode, Edward “Venom” Fensholt and Scott “The Snake Charmer” Behrens, show you some mercy with the basics of COBRA and detail all of its nuances. [Insert continuing Karate Kid reference here.]

  • Is every employer subject to COBRA? Are there any exemptions?
  • Does COBRA only apply to medical plans?
  • When and who gets an initial COBRA notice? What happens if it doesn’t go out?
  • When does COBRA apply? (HINT: It’s AND not OR.)
  • What exactly goes into a COBRA election notice? Who gets one? When is it sent?
  • What can an employer do if they lose track of an employee (wait, what?) and leave them on active coverage?
  • How long can COBRA coverage last?
  • How much can an employer charge for COBRA coverage?
  • What do you call a lightning round that moves more like a sloth?