Update: Deciphering how COBRA affects account-based health benefits

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allows employees, spouses, and dependent children to elect continuation coverage when facing loss of employer-sponsored group health plan benefits because of certain events. But confusion often arises over whether and how COBRA applies to health or Archer medical savings accounts, health flexible spending arrangements, and health reimbursement arrangements. This Update, the fourth in a COBRA series, identifies which account-type benefits are subject to the law and describes some COBRA issues unique to these arrangements.  (Update, 9 Aug 2007, 4 pages)

• Full Update (PDF)

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