Test Your COBRA Knowledge
Published July 2010
The COBRA quiz is below. It may be easiest to write your multiple choice answers on a scrap piece of paper. A Webinar invitation to the COBRA: Back to Basics Webinar separates the questions section from the answers at the end of the article.
1 ) What employers have to comply with COBRA?
A) All employers must comply with COBRA.
B) Any employer with at least 20 full time employees for more than 50% of the year and a group health plan must comply with COBRA.
C) Any employer with at least 50 full time employees for more than 50% of the year and a group health plan must comply with COBRA.
D) Any private sector employer with at least 50 full time employees for more than 50% of the year must comply with COBRA.
2 ) What benefits have to be offered at the time of COBRA?
B) Medical / Dental / Rx / Vision
C) Medical / Rx
D) Medical / Dental / Rx / Vision / HRA / FSA / EAP
E) HRA / FSA / EAP
3 ) What circumstances have to exist in order for a COBRA qualifier to receive the subsidized rates?
A) Involuntary termination of employment and no access to another group health plan.
B) Termination of employment and not eligible for Medicare.
C) Involuntary termination of employment, no access to another group health plan and not eligible for Medicare.
D) Termination of employment and no access to another group health plan.
4 ) As of today’s date, when does the COBRA subsidy cease to be offered?
A) March 31, 2010
B) May 31, 2010
C) June 30, 2010
D) November 30, 2010
E) December 31, 2010
5 ) What is a COBRA qualifying event?
A) Termination of employment
B) Reduction in work hours
C) Loss of dependent status
D) Divorce or death of an employee
E) All of the above
6 ) What is the purpose of a qualifying event notice?
A) A qualifying notice informs the employee of his or her rights to COBRA coverage.
B) A qualifying event notice inform the participant of his or her rights under COBRA as well as the terms and conditions of the contract, such as premium rates, due dates, coverage periods, etc.
C) A qualifying event notice informs the participant that they are no longer employed or will experience a reduction in hours and in turn, are no longer available for coverage under their former employer’s health insurance plan.
7 ) How long can the COBRA time frame last for someone who experiences a loss of dependent status?
A) Up to 18 months
B) Up to 24 months
C) Up to 29 months
D) Up to 36 months
8 ) Can a COBRA participant also have Medicare coverage?
A) No, a COBRA participant cannot have Medicare coverage.
B) Yes, if they are eligible for Medicare coverage after their qualifying event.
C) Yes, if they had Medicare coverage prior to their election of COBRA.
9 ) How many days does a qualified beneficiary have to elect to continue COBRA?
A) 30 days from the date of the loss of coverage.
B) 45 days from the date of the loss of coverage.
C) 30 days from the later date of the loss of coverage or the date of notification.
D) 60 days from the later date of the loss of coverage or the date of notification.
10 ) After electing, how many days does the qualified beneficiary have to make the first payment of all premiums due?
A) 30 days
B) 45 days
C) 60 days
1) B; 2) D; 3) C; 4) B; 5) E; 6) B; 7) D; 8) C; 9) D; 10) B