I have heard about COBRA election being under time restrictions. How long do I have to elect COBRA coverage?
COBRA election does have notification and election deadlines. First, your employer must offer you insurance continuation with 45 days of your loss of insurance. Then, you have only 60 days to elect COBRA. If you miss the election period date, you will lose your rights and will no longer qualify for continuation coverage.
COBRA Deadlines Have Changed During National COVID-19 Pandemic
The US Department of Labor and the Internal Revenue Services have made changes to deadlines for COBRA due to the national pandemic. You may elect COBRA insurance at anytime during the “outbreak period” and then two months after. The length of the National Emergency may change. You will want to learn more about other deadline changes to COBRA during the pandemic and how these may help you and your family stay covered.