Contact Us

The firm has re-opened fully, but we continue to operate in a “Safe Mode” which will require strict adherence to safe interaction with one another and with the public.

Click here* for more information regarding Costello & Mains “Safe Mode” Protocols.

Costello & Mains, LLC
Call for a Free Consultation
856-291-0642 800-421-0212

Explaining the Consolidated Omnibus Budget Reconciliation Act

In 1974, the Employee Retirement Income Security Act (ERISA) was enacted by the United States government. This piece of legislation offers guidelines and requirements that employers, insurance companies and employees can follow when it comes to administering employee benefit plans. ERISA does not cover any plans offered to employees of churches or health plans offered by government agencies. Let's look at a specific amendment to ERISA.

One of the most important amendments to ERISA came in 1985 with the creation of the Consolidated Omnibus Budget Reconciliation Act (COBRA). This amendment to ERISA provides employees who are relieved of their duties or resign from their place of employment health coverage for a specific period.

In order for someone to qualify for coverage under COBRA, he or she must meet the following requirements:

  • The benefits they have must be subject to the ERISA policies
  • You must qualify as a beneficiary
  • The loss of your benefits must fall under a qualifying event

Your spouse can receive coverage under COBRA if they meet the following requirements:

  • The spouse is now qualified for Medicare
  • You and the spouse are now divorced or separated
  • The spouse who was covered under COBRA has passed away

Any children who are beneficiaries of a parent covered under COBRA can be covered as well, unless they have lost their beneficiary status based on the rules set forth by the plan.

You need to have an understanding of ERISA and the COBRA amendment so that you know what it is you deserve from your employer. Make sure you pay attention to your pay stubs and benefit information so that you are not missing out on anything your employer should be providing.

No Comments

Leave a comment
Comment Information

Free Case Review Fill out this form for a free, Immediate, Case Evaluation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

18000 Horizon Way, Suite 800
Mount Laurel, NJ 08054

Toll Free: 800-421-0212
Phone: 856-291-0642
Fax: 856-727-9797
Mount Laurel Law Office Map