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  2. Eligibility For COBRA
  3. Employer Sold Business

My Employer Sold The Business, Do I Qualify For COBRA?

The business I work for was sold & the new buyer has offered a new health plan. Do the employees have the option of electing COBRA on the old plan or because they our offered a plan with a new carrier they don’t qualify?

COBRA is a continuation of a group health policy for an employee or their spouse and dependent children. You are not eligible for COBRA when you are still employed and your employer’s health plan changes from one insurance carrier to another. Your group health policy was replaced it wasn’t lost.

When The Company Goes Out Of Business

Unfortunately, if your job ends because the company went out of business and shut down, then there isn’t a group-health plan for you to continue on COBRA with. You will need to find new marketplace insurance or a temporary health plan until your next major medical work insurance starts.

choose COBRA Or An Alternative

COBRA Alternative:
Save Up To 70%

Try Short-Term Health Insurance
$80/month*
Covers An Insurance Gap
Until Your Next Work Health Plan Starts

Get A Quote, Enroll Online
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Call us
877-262-7241

people with accident medical insurance riding their bikes*Based on age and state availability

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