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Cobra coverage when company closes.
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Q: I am currently employed but my company might be closing. If I stay with the company until they have to close it, can I get cobra benefits?

A:  If an employer closes their doors and no longer has a group health insurance policy for their employees, COBRA continuation would not be an option for you.  You may want to contact the employer to see if they have a severance package that you may be able to take advantage of. The past employer should be able to provide you with detailed information regarding your coverage.

If you are a healthy person who does not live in NY, NJ, MA, or VT and would be interested in a lower cost Alternative to COBRA please Click Here  With this policy you have the ability to choose your deductible: $250, $500, $1000 or $2500.

 


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