American Rescue Plan Act of 2021’s COBRA Subsidy Ends September 31. What’s next?

Do I have to let Cobra lapse before I can be written by another Ins. company?

; ; I was recently told that I must let my COBRA insurance lapse before I can be written by this company. That does not make any sense to me. It means that I now have a lapse in my insurance coverage which probably means higher rates. Is this information correct? ; A: Only if the new employer’s group health plan has a pre-existing exclusion can you have coverage with COBRA and a new employer ‘s group health plan. (meaning that your pre-existing conditions are not covered for a certain time period under the new policy) According to HIPPA laws, a pre-existing condition limitation generally can not be any longer than 12 months. Once the limitations are relieved then COBRA should be terminated. If you elect another group health plan with a new employer, you can end your COBRA when the new plan takes affect. There should be no lapse in coverage. ; ; If you are interested in a short term policy that would be at a lower cost to you, and you do not live in NY, NJ, MA, or VT ;

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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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