Use this screen to define events that will cause termination of COBRA coverage as defined by federal regulations. You can establish an unlimited number of events.
You must initialize this table before you can initialize the Track COBRA Elections screen in Costpoint Employee.
After selecting the New Line button on the toolbar, enter a code, up to 10 alphanumeric characters, to uniquely identify this terminating event. This is a required field.
Enter up to 30 alphanumeric characters to describe this event code. This is a required field.
The employer ceases to provide any group health coverage to any employee.
The qualified beneficiary fails to pay a required premium in a timely manner.
The qualified beneficiary becomes entitled to Medicare.
The qualified beneficiary becomes covered under a group health plan maintained by another employer.
Changes to this screen update the H_TERM_EVENT table.