M&A QB

[Guest susanyb]

Has anyone heard of this type of COBRA beneficiary - and if so can you give me some informtion?

Thanks

Sorry - the message didn't list my topic -

It is an M&A QB - which means a Merger and Acquisitions Qualified Beneficiary for COBRA purposes.l

[leevena]

Yes.

It allows each side to decide between themselves who will be responsible for cobra. Usually the seller is responsible, but it could fall to the buyer if seller does not follow through with their part. This is obviously a unique and rare situation and I would recommend that legal counsel be brought into this, most people are clueless about this process.