FAQs

Premium Only Plans are self-administered by the employer. The employer adds a section 125 premium only deduction code to their list of payroll deduction codes. The employer keeps good records of employees that are participating in the plan, and keeps a set of plan documents.

A wrap plan is a document that bundles an employer's health and welfare plans into a single plan, while incorporating and supplementing insurance contracts, booklets and certificates and providing necessary ERISA information.

Death of employee, termination, legal separation, Medicare qualification,  or loss of dependent are all qualifying events.

A qualified beneficiary is someone who is covered under the plan immediately prior to the qualifying event.

You will need to complete the form on page 7 of the election form in its entirety. Sign and date the form and return it to Chard Snyder for processing.

All premiums are due on the first of each month.

Yes, COBRA begins on the last day you had coverage before terminating employment.

There are a few methods of payment for COBRA: You may pay by check, bill pay, or online payments using checking/savings account (ACH) on our website.

Once you elect COBRA, you will receive coupons that can be used through the end of your plan year to remit payments.

COBRA allows a 30-day grace period. If your premium payment is not received within the 30-day grace period, your coverage will automatically be terminated without advance warning.