I lost my job 3/30. I have coverage until 6/16. I will not start my new job until 5/21. My new insurance won’t start until 30 days after I start. I will have a lapse in coverage for 1 week. Do I need to get COBRA for that time?
Your previous employer has up to 45 days to send you COBRA insurance information to you, and you have 60 days from the day that form was sent to you to elect COBRA, you may have time to get other coverage within that time. If you do not need to seek medical treatment with in the time of your qualifying COBRA event and the day you start your new group health insurance, you may choose not to elect that continuation coverage. One thing to think about is that if you will need a certificate of credible coverage from the insurance company stating that there was NO lapse in coverage. There are lower cost short term medical credible insurance coverage options available.
No Lapse In Coverage
If you are fairly healthy and still want to remain insured, alternatives to COBRA insurance may be available based on where you live. Short-term health insurance is a popular option and available in most states. This can protect you from high medical costs of new injuries or new illnesses that unexpectedly occur while allowing you to use any licensed doctor. Coverage is available up to $1 million per person. For more information and pricing, you can call us at 1-877-262-7241 or complete a free quote online.