COBRA Health plan Advice for Individuals and Small Businesses |
We are not COBRA. For specific contract details about your current company policy, contact your health plan administrator.
Re: Payment Requirement
In Reply to: Payment Requirement posted by R. Glenn on September 03, 2008 at 07:29:03:
I am in a similar situation. I was self-insured, self-employed for several years. I took a company job and was laid off three months later and company medical insurance was cut off three days later. (Company policy) I elected COBRA and sought reinstatement with my old individual policy. It had to go through underwriting but was granted within a week. Do I need to pay my first COBRA policy payment? The only thing I have needed in 45 days is a prescription and I don't mind paying for that if it comes back at me. Do I need to make that first payment? Thanks.