Q: I have been under COBRA with my previous employer. Premium runs from 15th each month. I cancel the COBRA on July 7th as I have received coverage with my current employer from July 1st. Question: can my previous employer ask me to pay the COBRA until August 15th ?? I beleive the COBRA can be canceld at any day I obtain new/alternative insurance - correct ??
A: You can cancel your COBRA coverage when you obtain other insurance. You will need to notify your previous employer or the plan administrator in writing that you wish to cancel. After your insurance has been canceled or terminated the employer should send you a letter notifying you of your cancellation or termination of your COBRA. You should then receive a certificate of credible coverage for the time you were using COBRA. Generally, your monthly payments are going to cover you for the full 30 days. Most COBRA payments are not prorated. All payment decisions are based on how and when the employer pays the insurance company. You have the right to cancel your COBRA coverage at any time.
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