We are not COBRA. For specific contract details about your current company policy, contact your health plan administrator.
Re: Cobra question
In Reply to: Cobra question posted by bran Rose on November 08, 2005 at 09:25:37:
This is what the department of labor has to say on the subject.
The initial premium payment must be made within 45 days after the date of the COBRA election by the qualified beneficiary. Payment generally must cover the period of coverage from the date of COBRA election retroactive to the date of the loss of coverage due to the qualifying event. Premiums for successive periods of coverage are due on the date stated in the plan with a minimum 30-day grace period for payments. Payment is considered to be made on the date it is sent to the plan.
If premiums are not paid by the first day of the period of coverage, the plan has the option to cancel coverage until payment is received and then reinstate coverage retroactively to the beginning of the period of coverage.