We are not COBRA. For specific contract details about your current company policy, contact your health plan administrator.
Sale of Company and COBRA Requirements
Our company has facilities in NY and IN. The facilities are being sold to 2 different operators for each state and the former company will cease to exist.
Do we have an obligation to qualified individuals to offer COBRA for health insurance, voluntary dental and vision and if so, whose liability is it to provide it...the seller or the buyer?
Also, if employees elect a new coverage with the new company, do their rights under COBRA cease?