Assuming one pays all required premiums, COBRA coverage starts on the date of the qualifying event, and the length of the period of COBRA coverage will depend on the type of qualifying event which caused the qualified beneficiary to lose group health plan coverage.

How long does it take for COBRA insurance to start?

You’ll need to pay for your first COBRA premium within 45 days of beginning your COBRA coverage, which will begin with day one of your qualifying event.

How long does it take to process COBRA paperwork?

Benefit Strategies, LLC will notify the carrier and/or employer of COBRA election upon receipt of completed enrollment paperwork and full initial payment. Please Note: This process may take up to 5-10 business days after payment is received in this office.

Can you have COBRA and another insurance at the same time?

When your COBRA runs out, you may obtain your employer subsidized health insurance, but only during open enrollment. You may not have COBRA continuation and another insurance at the same time.

Who is responsible for sending COBRA notice?

plan administrator
The plan administrator must notify them in person or by first class mail within 14 days of receipt of notice of the employee’s eligibility for COBRA coverage of their independent right to elect coverage. They must be given at least 60 days to make the election.

What happens to your health insurance if you get Cobra?

Your Coverage Under COBRA. If you take advantage of COBRA, the coverage plan you will have is the one you had at the time of the event that triggered your loss of employer health care. The plan itself won’t change unless you elect a new plan when the open enrollment period comes around.

Can a qualified beneficiary enroll in Cobra coverage?

Yes, each qualified beneficiary is eligible to enroll on their own COBRA coverage. Can I elect medical only? You are not required to elect all benefits under COBRA. You do have the option of electing only individual plans (i.e.: medical only, dental only, medical and vision only, etc.) Can I add dependents to my COBRA coverage?

How long does it take to sign up for COBRA insurance?

You can sign up for COBRA coverage or decline coverage. You have 60 days to make that decision. Once signed up for COBRA, you’ll use your health insurance plan like you did when employed. However, you’ll pay all of the costs with no help from your former employer.

Where do I find out if I am eligible for Cobra?

If you’re eligible for both, you’ll have to choose. To learn more about eligibility for COBRA premium assistance, visit the U.S. Department of Labor at DOL.gov. If you decide not to take COBRA coverage, you can enroll in a Marketplace plan instead. Losing job-based coverage qualifies you for a Special Enrollment Period.