Companies with 20 or more employees are subject to COBRA laws, and must provide continuation of medical/health plans to eligible employees. The employee must pay the medical/health insurance premiums after separation from the company. In the employee handbook you should make reference to COBRA, if it is applicable to your company. A complete description of this benefit is usually not provided to an employee until termination (as required by the law).
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Small Business Notes Upon termination from Small Business Notes for any reason other than gross misconduct, an employee may elect to continue group medical coverage at group rates as long as the employee pays the required monthly premium. It is also possible to convert other group plans to individual plans. Details on the conversion of any benefits will be discussed with you at the time of your termination by a personnel representative. You may, of course, request information on this subject at any time prior to actual termination. |
