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Q: I just started a new job and the insurance coverage begins 9/1/08. However, because I am on a 90 day probationary period with my new employer, I would like to keep my COBRA during that time. Can I continue to pay my monthly premiums although I will be covered through my employer? Thanks so much!
A: You can NOT have dual coverage, unless your previous employer’s insurance covers certain medical expenses that your new insurance plan does not cover.
COBRA is the name of a federal law. COBRA contains provisions giving certain former employees, retirees, spouses and dependent children the right to temporarily continue their health coverage at group rates. Your employer is required by law to offer you the continuation of their group health policy for up to 18 months if there are more than 20 employees. You will need to request a COBRA packet from your employer, sometimes the HR dept or benefits manager. They will send you an election form in the mail (they have 45 days to send it) for you to complete. Once you complete this form and return it with in 60 days, your insurance will be retro-active to your last day of employment. You will not have any lapse or gap in coverage.
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