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

When I Retire, Am I Covered By COBRA From My Last Day Of Work?

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?

COBRA Insurance Is Retroactive To Your Retirement Date

Yes, you would be covered from the date of your retirement and lost 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 as long as you make your premium payment. After your 18 months of COBRA coverage your will need to find options with Medicare.

Insurance Options After Retirement

If you are fairly healthy and still want to remain insured, more affordable insurance alternatives to COBRA may be available based on where you live. Term health insurance is a popular option and available in most States. This can protect you from high medical costs of new injuries or new illnesses that unexpectedly occur while allowing you to use any licensed doctor.  Coverage is available up to $1 million per person. For more information and pricing, you can call us at 1-877-262-7241 or complete a free quote online.

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Affordable Health Insurance Starting Tomorrow

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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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