Actor Cuba Gooding, Jr. is not the only one who can say “Show me the money,” as he does several times in the movie Jerry Maguire. Employers can do the same thing before reinstating COBRA coverage.
Three issues occur in this area:
1) Who has the right to elect COBRA coverage, triggering the duty to show the money.
2) Who may pay for COBRA coverage, the actual showing of the money.
3) What circumstances justify a delay in or tolling of the right to elect or the duty to pay for COBRA.
Read the full article here.