Simple English definitions for legal terms
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Qualifying Event: A specific event that, if not for the rules under COBRA, would cause someone to lose their benefits under a qualified benefit plan. These events include things like losing your job, working fewer hours, getting divorced or separated, passing away, or your employer going bankrupt.
A qualifying event is a specific occurrence that, if not for the continuation-of-coverage provisions under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), would result in a loss of benefits for an employee covered under a qualified benefit plan.
Examples of qualifying events include:
These events can cause an employee to lose their benefits under a qualified benefit plan, but COBRA allows them to continue their coverage for a certain period of time.
For example, if an employee is terminated from their job, they may lose their health insurance benefits. However, if this is a qualifying event, COBRA allows them to continue their coverage for a certain period of time, usually up to 18 months.