28 © 2012 Employee Benefits Corporation 28 EBC HRA Balance After a Qualifying Event #3 - PEB HRA as an alternative coverage; example George can elect COBRA and stay in the active employee health plan & EBC HRA or he can select an alternative health plan and PEB HRA of $10,000 when he terminates his employment George selects the alternative health plan with PEB HRA and waives his COBRA rights to the active employee health plan and EBC HRA George dies while still covered by the alternative coverage.
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