Question 775
COBRA is a provision that allows a terminating employee to continue health insurance under his employer's plan for a specified period of time. If an employer fails to allow this benefit, his consequences may include which of the following?
Private lawsuits under ERISA
IRS excise taxes
Liability for past and future medical expenses during the qualified beneficiary's continuation period
All of the above
Correct
An employer's failure to comply with COBRA may result in that employer being subject to IRS excise taxes, private lawsuits under ERISA, and liability for past and future medical expenses.
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