Can I Stay On COBRA?

I have been on COBRA for the past 10 months and would like to remain with this health insurance plan. With the enactment of the Affordable Care Act will I continue with this option in addition to researching the health exchanges for a better plan?

You can remain on an employer’s health COBRA insurance for up to 18 months (depending on the qualifying event, it could be 36 months).

Obtaining New Health Insurance

  • You can sign up for an individual health insurance plan during open enrollment
  • You can wait until the end of your 18 months of COBRA and then sign up for a Qualified Health Plan.

A qualified health plan is what most consider traditional major medical that covers pre-existing conditions.

Special Enrollment Period After COBRA Ends

You are eligible to sign up for a health insurance plan outside of open enrollment because you will be coming off of COBRA, which is a “Qualified Life Event” which creates a Special Enrollment Period for you.

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