Health Insurance Center

Health Insurance Q & As

Question 9 of 13 in Employer-sponsored Group Policies
I have health coverage through my employer but i’m leaving my job soon. Though I like my current coverage, I cannot carry it from job to job. What are my options?
For terminated or retiring employees, or those losing coverage because of reduced work hours, a provision called COBRA (the Consolidated Omnibus Budget Reconciliation Act) obligates your employer to let you buy group coverage for up to 18 months after leaving. COBRA applies to all employers with 20 or more workers.

Your employer will furnish you (or your spouse) a booklet that explains all the twists and turns under COBRA as well as a summary plan description that contains information about COBRA. In addition, when a plan receives notice of a qualifying event, the plan must notify the covered person of their right to choose continuation of coverage.