How Long Can You Stay On COBRA?

I am considering retirement at 63 & 1/2 years of age. I understand that I would be covered under COBRA until at age 65 when Medicare kicks in. My question has to do with my wife, who would be 61 at the time I retire. Since COBRA seems to have a 36 month limit, would she be covered until she becomes 65 and eligible for Medicare? Would the trigger for a spouse apply when I become eligible for Medicare to extend the time of her coverage, or would we have to find a private plan for that extra year?

18 or 36 Months

The Consolidated Omnibus Budget Reconciliation Act or COBRA, is a law that gives workers and their insured dependents the right to keep their employer-sponsored health plan after that insurance would end due to job loss or changes in the immediate family for a limited period of 18 or 36 months. The length of time depends on the type of qualifying event that made you eligible for COBRA insurance continuation coverage. The group health plan may provide longer periods of coverage beyond the maximum period required by law.

Former Employees Can Use COBRA Benefits For 18 Months

When the qualifying event is an employee’s termination of employment, such as voluntarily quitting, getting let go, retirement or reduction in hours that would make them no longer eligible for work health insurance that beneficiary is allowed up to 18 months of continuation coverage.

Changes In The Family Allow For 36 Months Of COBRA Coverage

Qualifying events that would remove a partner, spouse or dependent from a healthcare plan makes those beneficiaries eligible for COBRA for up to 36 months. This includes death of the covered employee, divorce, separation or annulment. Adult children losing their dependent status, at age 26, may also use their COBRA rights for 36 months to keep the same plan they had on their parent’s health insurance.

Specific Qualifying Events

The following chart specifies how long you may keep your workplace insurance through COBRA

Qualifying Event Length of Coverage
Reduction of Hours (resulting in loss of coverage) 18 Months
Voluntary Termination of Employment (quitting your job) 18 Months
Involuntary Termination of Employment (getting fired from job) 18 Months
Divorce, Annulment, Termination of Domestic Partnership, or Legal Separation 36 Months
Child ceases to be a Dependent (e.g. child turns 26) 36 Months
Death of Employee 36 Months

More Affordable Than COBRA

There are alternatives to COBRA continuation available. Get an affordable insurance quote or call us at 877-262-7241 and we can help keep you and your family protected.

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