COBRA Health plan Advice for Individuals and Small Businesses |
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Re: Notification of Annual Premium amount
In Reply to: Notification of Annual Premium amount posted by Gary Burkert on May 26, 2005 at 20:12:19:
Gary, COBRA has very strict rules. Timely payment of premiums is one. They will drop you like a hot potato if late.
Cobra law states that you have 60 days to elect coverage and 45 days to pay. Yes they are due on receipt.
As far as question 2 is concerned, If you did not make payment within the time period you may not be able to get back into COBRA
I would contact department of Labor.
Halley