http missed cobra payment grace period com Account Portal Instructions Help Guide

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What is the grace period for Cobra?

COBRA allows a 30-day grace period. If your premium payment is not received within the 30-day grace period, your coverage will automatically be terminated without advance warning. You will receive a termination letter at that time to notify you of a lapse in your coverage due to non-payment of premiums.

When is Cobra available for 36 months?

Continuation of coverage is available for a maximum duration of thirty-six (36) months for the member’s eligible dependents as a result of: death of member; or; divorce; or; legal separation; or; termination of a domestic partnership; or; dependents that cease to be a “dependent child” under the Fund’s rules of eligibility.

Should you pay for Cobra?

When you lose job-based health coverage and switch to COBRA, you have to pay your COBRA premiums with after-tax money. This means that you lose the tax-free benefit you enjoyed while being employed. In some cases, you may be able to deduct part or all of your COBRA premiums from your taxes. But not everybody is eligible for this deduction.

Can I stop Cobra payment?

Stop paying the premium for your COBRA benefits. Failing to pay the premium in a timely manner will cancel the benefits. You will be notified when your COBRA benefits are discontinued because of …

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