Q:My job ends 8-31-09; I may sign up with another company. Can I stay on Cobra until the new company’s open enrollment next year or do I have to take their coverage from my first day?
A:You can elect Cobra and be on it until the next open enrollment, however, if your Cobra is subject to the stimulus, the reduced premium, when you get a new job that offers insurance your Cobra is no longer eligible for the reduction.You can stay on the Cobra coverage but will be paying for it 102% no longer are you paying the 35%.
Related Questions
No related questions were found.
Attachments
No attachments were found.
Copyright 2007 COBRA Insurance
.com - COBRA Insurance Information Source. All rights
reserved.
Important
Disclaimer: COBRA is a law (It is not an endorsed
insurance plan or company). Answers and comments provided
on
Cobra insurance .com website are general information,
and are not intended to substitute for informed professional
medical, psychiatric, psychological, tax, legal, investment,
accounting, governmental, or other professional advice.
Cobra
insurance .com does not endorse, and expressly disclaims
liability for any product, manufacturer, distributor,
service, health plan, or service provider mentioned or any
opinion expressed in the website. Replies, comments, or
information gathered on
Cobra
insurance .com website may not be accurate but are
intended to be helpful.
Search COBRA Insurance Questions
Browse by Category
Print this page
Email this page
Post a comment
Subscribe me
Add to favorites