who pays for cobra, cisco or us? where can i find more info on cobra?
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learn to use google better
Yep… you got me; my bad!
The former employees pays Cisco for Cobra.
The severence package includes money for four months cobra but it is essentially just more severence money that can be used for anything.
"You can and should pay for Cobra with your HSA account funds if you have an HSA.
For U.S., HSA funds generally may not be used to pay premiums."
COBRA is not generally a health insurance. It is a special case that is allowed.
( learn to use google better )
"HSA funds can be used for qualified medical expenses: COBRA premiums are considered a qualified medical expense, so HSA funds can be used to pay for them. "
many sources, here is one....
https://hsastore.com/hsa-eligibility-list/c/cobra-premiums
You can and should pay for Cobra with your HSA account funds if you have an HSA.
For U.S., HSA funds generally may not be used to pay premiums.
Source: https://www.healthcare.gov/glossary/health-savings-account-hsa/#:~:text=HSA%20funds%20generally%20may%20not%20be%20used%20to%20pay%20premiums.
Cisco gives you 4 months of pay to cover the expenses of your Cobra for your current health plan ( grossed up for taxes )
You can and should pay for Cobra with your HSA account funds if you have an HSA.
Do they give few extra dollars for COBRA to everyone or just the employees who had health insurance from Cisco benefits ?
you have to pay cobra by yourself within your severance package, this is the policy for any company include Cisco.
Cisco does not directly pay for Cobra. Cisco gives you money to cover Cobra, but you can spend that money on anything (including Cobra).
This is all covered in the FAQ you’d have access to if you were impacted.
They give you a few extra dollars to cover COBRA as part of your package. That was true for me in 2020.