Can I extend my Cobra coverage beyond 18 months?

Can I extend my Cobra coverage beyond 18 months?

If you are entitled to an 18 month maximum period of continuation coverage, you may become eligible for an extension of the maximum time period in two circumstances. The first is when a qualified beneficiary is disabled; the second is when a second qualifying event occurs.

How do I extend my Cobra benefits?

The COBRA term can be extended if you become disabled within the first 60 days of COBRA continuation coverage. To qualify for this extension, you must submit a ruling from the Social Security Administration that says you have become disabled.

How long can you extend Cobra coverage?

18 months

Can I keep Cobra and another insurance?

COBRA allows you to keep the exact same benefits as before. No changes can be made to your plan at this time. However, if you’re still on COBRA during the next open enrollment period, you can choose another plan from those your former company offers to employees. The new plan will take effect on January 1.

Can Cobra insurance be Cancelled at any time?

COBRA is month-to-month coverage and can be terminated at any time. You can send a letter to HealthEquity requesting termination of your COBRA coverage or you can simply stop paying premiums and your COBRA coverage will be terminated for non-payment.

How long does it take to activate Cobra?

COBRA beneficiaries have 60 days to decide whether they want COBRA coverage. If you enroll in COBRA before the 60 days are up, your coverage is then retroactive, as long as you pay the retroactive premiums.

How long does an employer have to send out Cobra paperwork?

30 days

Can an employer deny Cobra insurance?

If the terminated employee was never an eligible plan participant, the employer can cancel coverage retroactive to the original coverage date. Under COBRA, a person who has been terminated for gross misconduct may be denied COBRA.