|HB 0297||Notification Needed to Continue COBRA Insurance Coverage|
|Sponsor:||SHEAR (83)||Handling House Bill:||HOUSE|
|Last Action:||05/04/95 - Voted Do Pass w/SCA 1 S Insurance & Housing Committee|
|Effective Date:||August 28, 1995|
HB 297 - This act requires a legally separated or divorced spouse, who has been receiving insurance protection under the Consolidated Omnibus Budget Reconciliation Act (COBRA), who is intending to continue insurance coverage under the plan pursuant to Section 376.892, RSMo, to notify the plan administrator at least 60 days prior to the expiration of the 36 month COBRA continuation period.
This act also requires a surviving spouse who is eligible
for continued coverage to notify the plan administrator within 30
days of the death of the certificate holder or within 30 days
prior to the expiration of the 36 month COBRA continuation
period, if such spouse has decided to maintain COBRA coverage.
SCA 1 - REVISES REQUIREMENTS FOR ANNUAL REPORTS BY THIRD- PARTY ADMINISTRATORS AND REQUIRES AN ANNUAL FINANCIAL STATEMENT.