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Health Net Is Exiting the California Group Market
Health Net will no longer offer small or large group coverage in CA. In-force groups terminate February 28, 2027. Your Claremont team is ready to help find alternatives. Call 800.696.4543 or email quotes@claremontcompanies.com.
Are COBRA rules changing in response to COVID-19?
Yes.
On May 4, 2020, the US Department of Labor (DOL), Internal Revenue Service (IRS) and Department of Health and Human Services (HHS) jointly issued new rules that temporarily extend several COBRA deadlines, including the deadlines for eligible employees to elect COBRA continuation coverage and to make COBRA premium payments.
Effectively, the new rules apply a “time out” from many COBRA deadlines until 60 days after the announced end of the Coronavirus National Emergency.
This SHRM article provides a good overview of the new COBRA rules.
Employers subject to COBRA are advised to consult with their advisors in implementing the new rules.
Claremont partner TASC can help employers seeking COBRA administration assistance.
Helpful resources
DOL Temporarily Extends COBRA Deadlines, SHRM.
Claremont Insurance Services and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
There may be a more recent answer to this question. Contact Claremont for an update.