What is COBRA-relevant plan in SAP PA-BN - Benefits?

SAP Term: COBRA-relevant plan

• Component: PA-BN

• Component Name: Benefits

• Description: A benefit plan that is subject to COBRA regulations.

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• Key Concepts: 
  COBRA-relevant plan is a type of plan in the SAP Benefits module (PA-BN) that is subject to the Consolidated Omnibus Budget Reconciliation Act (COBRA). COBRA is a federal law that requires employers to offer continued health coverage to employees and their families after certain qualifying events, such as job loss or divorce. 
  
  How to use it: 
  In order to set up a COBRA-relevant plan in SAP Benefits, you must first create a plan type and assign it to the COBRA-relevant plan category. You can then configure the plan with the appropriate benefits and eligibility criteria. Once the plan is set up, you can assign it to employees and their dependents. 
  
  Tips & Tricks: 
  When setting up a COBRA-relevant plan, make sure to include all of the required information in order for it to be compliant with COBRA regulations. This includes the name of the plan, the type of coverage offered, and any applicable eligibility criteria. 
  
  Related Information: 
  For more information on setting up COBRA-relevant plans in SAP Benefits, please refer to the official SAP documentation. Additionally, you can find more information about COBRA regulations on the U.S. Department of Labor website.