We are not COBRA. For specific contract details about your current company policy, contact your health plan administrator.
Re: Business Sold
In Reply to: Business Sold posted by Elaine Buhler on July 14, 2005 at 11:20:47:
A CIGNA COBRA brochure they did in late 2000 states answers, with one set of the answer depends if it's a STOCK sale or Asset sale.
IN both cases If you've had COBRA coverage now, yes your eligible for COBRA.
If you're not under COBRA already, and are terminated and if it's an asset purchase then the firm selling the assets is reponsible for offering COBRA with special other rules POSSIBLY applying if the selling firm won't continue to have a health plan.
If it's a stock sale, and you end up terminated, yes it's a COBRA event for the firm whose sold it stock.