Q:The bank I was laid off from was taken over by the FDIC and closed. Immediately thereafter a new bank came in and bought the bank and reopened. I have learned that I lost all my COBRA benefits the day bank was closed. Is this legal to cancel COBRA coverage like this with no notice, warning, grace period or other options?
A:When an employer closes their doors and they cancel their group health insurance policy then your COBRA coverage will also end.Some states offer a continuation plans. You should contact your state at www.naic.org to see if one is available.
If you are interested in an affordable Alternative to COBRA, click here for more information
Related Questions
No related questions were found.
Attachments
No attachments were found.
Copyright 2007 COBRA Insurance
.com - COBRA Insurance Information Source. All rights
reserved.
Important
Disclaimer: COBRA is a law (It is not an endorsed
insurance plan or company). Answers and comments provided
on
Cobra insurance .com website are general information,
and are not intended to substitute for informed professional
medical, psychiatric, psychological, tax, legal, investment,
accounting, governmental, or other professional advice.
Cobra
insurance .com does not endorse, and expressly disclaims
liability for any product, manufacturer, distributor,
service, health plan, or service provider mentioned or any
opinion expressed in the website. Replies, comments, or
information gathered on
Cobra
insurance .com website may not be accurate but are
intended to be helpful.
Search COBRA Insurance Questions
Browse by Category
Print this page
Email this page
Post a comment
Subscribe me
Add to favorites
