Which of the following statements regarding COBRA benefits is incorrect?

1. The benefit recipient must pay the full cost of coverage plus up to 2% of the premium to cover administrative expenses (if required by the employer).
2. Qualifying events for COBRA include death of a covered employee and reduction of an employee's full time hours to part time hours.
3. COBRA requires certain employers to provide previously covered persons with the same coverage received prior to the discontinuation of coverage.
4. Employers must offer coverage for 36 months if the employee is terminated and for 18 months if the employee dies.