COBRA Management Services, LLC (CMS) HSA Bank COBRA Services - COBRA Administrator
Continuation of Group Health Benefits
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Your COBRA packet
We have retained HSA Bank- COBRA Management Services , LLC (“CMS”) to issue our COBRA notices and provide other administrative support, however, they are not an insurance company. You will be receiving a COBRA election packet directly from them. It will contain a detailed explanation of your rights and obligations under COBRA. It will also list the family members and plans available for continuation, as well as the monthly rates (included below for your planning purposes). Each family member has a separate right to enroll in COBRA coverage.
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If you do not receive your election packet within two weeks from your last date of active coverage or if you have any questions about your rights and obligations under COBRA, please call or email HSA Bank COBRA Management Services:
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HSA Bank
(833) 509-1542
http://www.hsabank.com
The costs are effective January 1, 2020 2023 - December 31, 20222023
How much does COBRA Cost?
| MEDICAL | DENTAL | VISION | |
|---|---|---|---|
| Cigna Aetna HDHP | Delta | VSP | |
| Employee | $565.08 | $57.12 | $12.24 |
| Spouse | $565.08 | $57.12 | $12.24 |
Employee & Spouse | $1,128.12 | $116.28 | $22.44 |
| Employee & Child(ren) | $1,073.04 | $114.24 | $24.48 |
| Employee & Family | $1,634.04 | $173.40 | $36.72 |
Consider other individual coverage. There are other options available to you and your dependents in addition to SPU’s COBRA continuation coverage. These could be through the Health Insurance Marketplace, Medicaid, or other group health plan coverage options (such as a spouse’s plan) by taking advantage of what is called a “special enrollment period.” Some of these options may cost less than COBRA continuation coverage. You can learn more about many of these options at www.healthcare.gov.
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