educational leave

US DOL Info#003366

Q: Hi, I’m leaving my current job to take a 3-month educational leave. Basically, I’ve received a small grant to help me finish my dissertation, but if I fall below 30 hours, my insurance coverage cancels. Can COBRA help me fill the gap? Also, if I choose not to return to full-time employment with this company, can I keep my COBRA coverage? Code Number:003366 A: If your employer has more than 20 employees than they will be obligated by the federal law to offer you a continuation of your group health plan. Code Number:003366 One qualifying event for COBRA is a reduction in hours. If you decide to terminate employment you would also qualify for continuation coverage. You would be able to elect continuation coverage for up to 18 months for termination and 36 months for loss of hours. COBRA can be fairly expensive because you will be responsible for 102% of the monthly premiums. COLOR: maroon If you are healthy and do not live in NY, NJ, VT, MA or CT you could be eligible for a lower cost alternative. Code Number:003366 for more in formation.

Related Knowledge Base Posts

insurance agent answsering the phone

Affordable Health Insurance Starting Tomorrow

Call Us At
Short-Term Health Insurance is popular and available in most states to cover gaps between major medical plans.

These plans also cover COVID-19 hospitalization.
After deductibles and coinsurance, many plans will have $1 million in coverage.

Quote Health Insurance Now