Q:What happens if payment is received 33days late instead of 30? Can the administrator still accept payment? Can the grace period be extended?
A: If your COBRA payment is not made in a timely manner, or within the 30 day grace period than you are risking termination of your COBRA rights and coverage. Your employer or COBRA plan administrator is not obligated under COBRA law to accept a payment after the 30 grace period expired. The employer or their plan administrator may have to get approval from the insurance company before they can accept a payment past the COBRA grace period.
If you have lost your opportunity for insurance with your past employer and are looking for a short term medical policy you may qualify for an Alternative policy. Click Herefor 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
