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Coverage ending and company closing
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Q:  I know that if the company is closing we can't COBRA but it the company is going to check into alternate coverage for us, do they still pay 65 % of the coverage?

 

A:  If Cobra isn’t an option to you than neither unfortunately is the Cobra stimulus.  To be able to receive the 65% reduction Cobra has to be available to you.  Therefore, if they are looking into other options that’s fantastic, but it most likely is not going to be subject to the 65% reduction.


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