ody Q: I am a retired employee whose company is trying to drop coverage for retirees. I have Medicare so I can get by but my wife will need insurance…Can she get COBRA until she reaches the age for Medicare in 34 months?
A: When an employer ends a retiree’s health plan, it is a qualifying event in which you become eligible for COBRA continuation. If your wife was on your retiree health plan, then she is also eligible for COBRA, even if you are on Medicare now. However, she will only be able to be on COBRA for 18 months. In some cases, this time could be 36 months, but only if you became entitled to Medicare AFTER electing COBRA for you and your wife, or in cases of death, divorce, or disability.
COBRA continuation is very expensive. There are alternatives to COBRA continuation available. Click href=”https://cobrainsurance.com/ here for a quote, or call us at 1-877-279-7959 (8am-5pm CST) and we can help you find an alternative plan.