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If I change jobs or become unemployed, can I bring my coverage with me?
If you switch
employers, you have the right to carry your group health insurance
coverage with you to a new job for up to 18 months under the
Consolidated Omnibus Budget Reconciliation Act (COBRA).
You must pay the full premium, but at group rates that are far cheaper
than the individual rates you would pay for similar coverage. Health
insurance under COBRA is available if you are in the following
situations:
- You leave a company and become
unemployed or self-employed for up to 18 months.
- You are a widow or widower or child
of an employee who dies while working for the same company for three
years or more.
- You are the divorced spouse or
child of an employee who has left the company he or she was employed at
for at least three years.
- You are the child of an employee
who left a job and have not yet reached age 23.
NOTE: If you need COBRA benefits, you must fill out the appropriate
forms from your employer’s benefits department within 60 days of
leaving your job. If you do not act within that time, you may be denied
coverage. |
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