COBRA Insurance
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Do You Have To Elect COBRA Within A Month’s Lapse In Coverage?

You Must Elect COBRA Coverage Within 60 Days Of Your Notice Or Formerly Waive Your Right

You have 60 days from the day your employer sent your continued benefit enrollment form. You may have time to get other coverage within that time. If you do not need to seek medical treatment within the time of your qualifying COBRA event and the day you start your new group health insurance, you may choose not to elect that continuation coverage. By law, you will need a certificate of credible coverage from the insurance company stating that there was NO lapse in coverage.

Lapse Of COBRA Premium Payment May Cause Termination

If your COBRA payment is not made in a timely manner or within the 30 day grace period than you are risking termination of your COBRA rights and coverage. If you do make the payments within the time allowed you will not lose coverage, but will still need to pay the later months’ coverage. It is best to communicate with your COBRA administrator about payment that may not be made on or before the due date. Please note that the previous employer is not required under COBRA to remind the employee when it is time to pay the premium.

COBRA Continuation Is Expensive

There are alternatives to COBRA continuation available. Get an affordable insurance quote or call us at 877-262-7241 and we can help you find an ACA certified health plan.

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