Q: I will be taking a severance package. I was told that if I plan to sign up for COBRA that it will not start until 3 weeks after my final day of employment. Once that COBRA begins they will reimburse you for any medical expense that happens in the 3 week period.
A: As soon as you sign up for COBRA, you will be covered retro activelyback to your last day of group benefits. This means there will be no lapse or gap in coverage. Any claims that occur during your election period will be paid by the insurance company based on the benefits you had prior to the qualifying event.
If you are interested in an 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