Most employers are familiar with the federal COBRA law. However, many may not be aware that most states have also passed their own version of COBRA, popularly called mini-COBRA laws. While many of these laws are similar to federal COBRA, there can be important differences.
What employers have to comply with New Mexico mini-COBRA?
New Mexico mini-COBRA applies to employer group health plans issued or renewed in New Mexico.
What are the qualifying events?
New Mexico mini-COBRA qualifying events are similar to federal COBRA. A qualifying event includes:
- Termination of employment
- Divorce, annulment, dissolution of marriage, or legal separation
- Death of the employee
Continuation coverage lasts for six months. Qualified beneficiaries may have a conversion option upon termination of continuation coverage.
Who is a qualified beneficiary?
A qualified beneficiary is an employee, spouse or dependent that is covered by the plan on the day before a qualifying event.
Are there notice requirements?
At the start of group health coverage, insurers must provide a notice of continuation coverage options. When a qualifying event occurs, insurers must again provide notice.