If you have lost your group health insurance because of job loss or reduction of work hours, death, or divorce, then you have probably heard of COBRA. While COBRA continues your group health coverage, it only lasts for a limited time. Learn more about your options for healthcare coverage after COBRA ends to understand what is right for you.
The election notice for COBRA continuation coverage of your group health plan contains all the pertinent information you need regarding payments: how much you will have to pay, when payment is due, and what happens if a payment is late. The plan is required to detail the fixed cost of the plan for each 12 month cycle.