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COBRA and an Asset Sale


Guest mgottsch

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Guest mgottsch

A client is in Chapter 11. The buyer is going to assume COBRA liability. Is the buyer obligated under COBRA regs to maintain the same benefit plan design for COBRA beneficiaries or can they move COBRA beneficiaries to the new plan that will be offered? Can they modify COBRA rates under these circumstances even if it has been less than a year since the last premium change for COBRA beneficiaries?

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