Q: I was recently told that I must let my COBRA insurance lapse before I can be written by this company. That does not make any sense to me. It means that I now have a lapse in my insurance coverage which probably means higher rates. Is this information correct?
A:Only if the new employer's group health plan has a pre-existing exclusion can you have coverage with COBRA and a new employer’s group health plan. (meaning that your pre-existing conditions are not covered for a certain time period under the new policy) According to HIPPA laws, a pre-existing condition limitation generally can not be any longer than 12 months. Once the limitations are relieved then COBRA should be terminated.
If you elect another group health plan with a new employer, you can end your COBRA when the new plan takes affect. There should be no lapse in coverage. If you are interested in a short term policy that would be at a lower cost to you, and you do not live in NY, NJ, MA, or VTClick Here
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