New Video: ERISA & COBRA Extensions During COVID-19
The DOL realizes that during this outbreak, communication can be difficult both for you and your employees. ERISA and COBRA laws have strict deadlines with penalties attached if Employers and Americans don’t meet deadlines. The DOL requested Employers, Plan Administrators and Carriers to “make reasonable accommodations” to prevent loss of benefits, or payment of claims because of a failure to comply with pre-established timeframes. Any decision surrounding benefits termination, eligibility of COBRA, or payment of claims due to timeframe constraints should be carefully handled.