What is COBRA election period in SAP PA-BN - Benefits?

SAP Term: COBRA election period

• Component: PA-BN

• Component Name: Benefits

• Description: The period of time during which a COBRA-qualified employee must report whether or not he or she wishes to continue health plan coverage under COBRA.

Smart SAP Assistant

• Key Concepts: 
  COBRA election period is a period of time in which an employee or their dependents can elect to continue their health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA). This period begins when an employee or their dependents become eligible for COBRA and ends when the employee or their dependents either elect to continue coverage or decline coverage. 
  
  How to use it: 
  In the SAP Benefits module, the COBRA election period is set up in the PA-BN Benefits component. The election period is set up by entering the start date and end date of the period. The start date is typically the date of eligibility for COBRA and the end date is typically 60 days after the start date. 
  
  Tips & Tricks: 
  It is important to ensure that the COBRA election period is set up correctly in order to ensure that employees and their dependents have enough time to make an informed decision about whether or not to continue their health insurance coverage. 
  
  Related Information: 
  For more information about COBRA, please visit https://www.dol.gov/general/topic/health-plans/cobra.