If you lose access to your group benefit plans you may be wondering how you can get coverage for yourself and your family. One option may be COBRA, which by law allows you to stay on your employer’s group plan coverages. You will receive the same coverage you had as an active, full-time employee — although you will have to pay 100% of the policy, plus a small administration fee.
While you may be eligible for COBRA immediately after a qualifying event, you will not have health insurance coverage until you complete your COBRA election form and make a payment. COBRA coverage can last for either 18 or 36 months, depending on the qualifying event, during which you will have the same rights that active employees have, including open enrollment and special enrollment rights.
To manage your COBRA coverage, including making a payment, checking the status of a payment, or canceling your coverage, please log in to your My Benefits account.