Q: I am retiring from my job. I am within 18 months of age 65, if I opt to take cobra am I covered from my last day of work?
A: Yes, you would be covered from the date of the loss of coverage. COBRA is meant to do exactly that. Even if you elect for COBRA a month after you lose your coverage, COBRA works retroactively after you elect it, all the way back to the date of the loss of coverage.
Remember: COBRA continuation is very expensive. There are alternatives to COBRA continuation available. Click href=”http://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.