Will I have the same level of benefits that I had when I was employed?
Yes, your coverage will not change. You will be on the exact same plan that you had when you were employed. During an open enrollment period, you may have the option to switch to other available plans offered under the existing group health insurance policy.

If I enroll in COBRA, when will it begin?
Your COBRA coverage will begin on the day following the termination date of your coverage under your previous health plan. This will likely be the first day of the month following the date that you were terminated. If you do not enroll in COBRA prior to this date, you are responsible for making up the premium payment back to this date ;

How long will my COBRA last?
In general, you can remain on COBRA for a period of 18 months. Disabled persons and other qualified beneficiaries may be eligible to remain on the COBRA plan for an additional 11 months, but at an increased premium. This may vary under some state mini-COBRA laws.

What do I do when my COBRA ends if I don't have a new job?
This will depend on your eligibility for other options based on your health status at that time. This will be better explained in the "Which Option is Right for You?" section of this guide. If you are "uninsurable" at the end of your COBRA option, most states have guaranteed issue health insurance options under federal HIPPA regulations. We highly recommend that you start exploring your post-COBRA alternatives no later than 60 days prior to the termination date of your COBRA.

What if my ex-employer cancels the group insurance or switches carriers while I am on COBRA?
If you previous employer cancels their group health insurance, you will lose your COBRA option. If your employer decides to switch health insurance to a different insurance company, you will be provided with the opportunity to elect coverage with this new insurance carrier.

Who should I contact to find out more about my specific options?
The HR department of your previous company is a good place to start. If you can't get the answers you need from them, contact the insurance company directly for assistance.

 

 

 

 

 

 

 

 

* Please refer to our legal terms and conditions for disclaimers pertaining to the content on this page.