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

SAP Term: second COBRA qualifying event

• Component: PA-BN

• Component Name: Benefits

• Description: A COBRA qualifying event experienced by a qualified beneficiary during the COBRA continuation period for an initial COBRA qualifying event. If the coverage continuation period for the second event is longer than that for the initial event, the continuation period for the second event becomes the total continuation period. The following are possible second qualifying events: Death of employee Employee's entitlement to Medicare Divorce Legal separation Loss of dependent status Bankruptcy of employer

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• Key Concepts: 
  Second COBRA Qualifying Event is a term used in the SAP PA-BN Benefits component. It refers to a change in an employee’s status that would make them eligible for COBRA benefits. This could include a reduction in hours, termination of employment, or death of the employee. 
  
  How to use it: 
  When an employee experiences a second COBRA qualifying event, the employer must provide them with a notice of their rights and responsibilities under COBRA. This notice must be provided within 14 days of the event. The employer must also provide the employee with an election form to choose whether or not they want to enroll in COBRA coverage. 
  
  Tips & Tricks: 
  It is important to keep track of all second COBRA qualifying events that occur within your organization. This will help ensure that all employees are given the proper notice and election forms when they become eligible for COBRA coverage. 
  
  Related Information: 
  The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that requires employers to offer continued health insurance coverage to employees who experience certain qualifying events. For more information on COBRA, please visit the Department of Labor website.