COBRA qualifying Events

by Guest » Wed Aug 29, 2007 06:02 am
Guest

Hi all, can I obtain COBRA coverage if I voluntarily terminate my employment. What are the qualifying events for the 'other beneficiaries'?

Augustus

Total Comments: 3

Posted: Wed Aug 29, 2007 06:39 am Post Subject:

Hello Augustus,

You have raised a very relevant question. COBRA often causes confusion among its beneficiaries. Yeah, you can extract the benefits of COBRA if you resign from your job. COBRA coverage is available to an employee, who is covered under the employee's group health plan, irrespective of his voluntary (apart from employee's gross misconduct) or involuntary termination from the job. Anyways, here are some additional situations which may trigger the initiation of the COBRA coverage.


  • 1) Reduction in job hours
    2) Legal separation or divorce from the spouse
    3) Early retirement from the job i.e. before attaining the qualifying age for Medicare.


However you will not be adjudged for COBRA coverage if you have switched to another insurer with lesser coverage or have resigned from the union. Hope I'v addressed your problem correctly.

Thanks,
Fatman

Posted: Wed Aug 29, 2007 07:22 am Post Subject:

Yeah, COBRA coverage allows you to continue with your existing group health plan for a particular time period when you are in between jobs or temporarily unemployed. However, the length of the coverage may very between 18 and 36 months.

Posted: Wed Aug 29, 2007 08:55 am Post Subject:

Hi, both the spouse and the dependent children of the employee qualify for the COBRA coverage if they are included in your group health insurance plan.


  • Voluntary or involuntary termination of job of the employee
  • Reduction in his/her working hours
  • Death of the policy holder
  • Legal separation or divorce from the employee
  • Loss of dependency status (in case of children only)


The above mentioned situations are likely to trigger COBRA coverage for the ‘other beneficiaries'. Hope this information will resolve your query.

Regards,

Juanita

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