[Date]
[Former employee name]
[Address]
Dear [former employee name]:
According to our records, you have continued your [company name] group health coverage under COBRA since [date]. [Company name] health plan coverage and premium rates renew annually, the first of each calendar year and I am writing to inform you of a change in your COBRA premiums.
Due to increasing healthcare costs, our group health premiums are increasing effective [date] by [amount]. COBRA beneficiaries are charged the total cost of coverage for active employees plus a two percent administration fee. The new premium for your current election of [self-only, family, etc.] will be [amount] beginning [date].
Please be sure to submit your premiums promptly by the first of each month. If you have any questions about your COBRA continuation coverage, please contact me at [contact information] and I will be glad to help you.
Sincerely,
[Name]
[Title]
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Related Content
HR must always include human intelligence and oversight of AI in decision-making in hiring and firing, a legal expert said at SHRM24. She added that HR can ensure compliance by meeting the strictest AI standards, which will be in Colorado’s upcoming AI law.
The proliferation of artificial intelligence in the workplace, and the ensuing expected increase in productivity and efficiency, could help usher in the four-day workweek, some experts predict.
Learn how Marsh McLennan successfully boosts staff well-being with digital tools, improving productivity and work satisfaction for more than 20,000 employees.