Employer sold business, new health plan offered

Q: The business sold & new buyer has offered new health plan. Does the employees have the option of electing cobra on the old plan or because they our offered a plan with a new carrier they don’t qualify? A: Cobra is a continuation of a group health policy for an employee or their spouse and dependent children. You are not eligible for COBRA when you are still employed and your employer’s health plan changes from one carrier to another. Your group health policy was replaced it wasn’t lost. To be eligible for COBRA continuation a qualifying event must occur. Qualifying events are specific events that cause an employee and/or dependents to

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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.

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