Phyls has worked there for a number of years and is considering quitting in orde

Question

Phyls has worked there for a number of years and is considering quitting in order to spend more time with her three active triplets, Sunny, Fussy, and Perky. She asks her boss, Bolivar, about the pension plan at We Add for You. Her boss tells her that she has no entitlement to information until she is at least 60 years old. Phýllis also asks Multiplication. Phyllis, who is 30 years old, works for We Add for You Accounting about retaining her medical insurance protection if she quits and is told that she would have no right to do so. Bolivar also throws in that he has been monitoring her conversations and that he particularly enjoys the conversations between her and her single female friends involving failed dating experiences. He asks her to keep those up. Phyllis tells him that her personal phone calls are none of his business. Bolivar says that he can listen if he wants because the phones are his. Phyllis ends up starting her own company called We Multiply for You, and makes much, much more money. (In answering the following questions, assume all federal laws apply and that any pension and medical plan qualifies for regulation under federal law.) Assuming Phyllis quits, which of the following rights does she have under federal law to retain benefits so long as the benefits are provided to employees who are still working? O The right to retain the medical benefits indefinitely, so long as she pays for them along with the allowable administrative fee. The right to retain the benefits for at least 18 months, with the cost born by the employer. O The right to retain the benefits for at least 12 months, with the cost born by the employer O The right to retain the benefits for at least 18 months so long as she pays for the benefits along with the allowable administrative fee. None. O Type here to search Ce

Explanation / Answer

The answer is the 4th option i.e. the right to retain the benefits for at least 18 months so long as she pays for the benefits along with the allowable administrative fee.

As per the regulations of The Consolidated Omnibus Budget Reconciliation Act (COBRA) employees are required to pay premiums for the policy along with a 2% administration fee. This is required to maintain the coverage for up to a period of 18 months (the period extends to 29 months in case of disabled workers).

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