What is 'COBRA qualifying event' in SAP PA-BN - Benefits?

COBRA qualifying event - Overview

• Component: PA-BN

• Component Name: Benefits

• Description: An event that causes an individual participating in a group health plan to lose coverage under the same terms and conditions as effective immediately prior to the event. On loss of coverage due to a qualifying event, an employee and/or enrolled dependents are eligible to coverage continuation under the provisions of the COBRA regulations. The following events trigger qualification for COBRA: Termination of employment Reduction in working hours Death of employee Employee's entitlement to Medicare Divorce Legal separation Child's loss of dependent status Bankruptcy of employer

COBRA qualifying event - Details

• 
  Key Concepts: 
  COBRA qualifying event is a term used in the SAP PA-BN Benefits component. It refers to an event that triggers an employee's eligibility for COBRA continuation coverage. Examples of qualifying events include termination of employment, reduction in hours, or death of the employee. 
  
  How to use it: 
  The COBRA qualifying event is used to determine when an employee is eligible for COBRA continuation coverage. When a qualifying event occurs, the employee must be notified of their eligibility and given the opportunity to elect COBRA coverage. 
  
  Tips & Tricks: 
  It is important to ensure that all qualifying events are properly documented and tracked in SAP PA-BN Benefits. This will ensure that employees are notified of their eligibility for COBRA coverage in a timely manner. 
  
  Related Information: 
  For more information on COBRA qualifying events, please refer to the SAP PA-BN Benefits documentation.