ody ody Q: My company was bought and I was told by the insurance company that the plan was terminated and my COBRA has ended. 3+ months later, I wondered why the Acquiring company did not offer me COBRA. I asked the Acquiring company. After 2 weeks of their trying to understand, they notified me that I am eligible for their COBRA, but I have to make a decision today. So I am eligible for COBRA per their offer, but they did not notify in a reasonable amount of time – don’t I have some time to decide? Aren’t there penalties to them for non-notification?