Often, however — particularly in situations where your former employer picked up some or all of your health premiums — you may find
your COBRA payments to be more than you can afford.
And being unemployed for months with no decent prospects, a growing gap in my resume, dwindling savings and $ 600
COBRA payments?
Not exact matches
Even if your (former) employer pays your
COBRA for a few months as part of a severance agreement, or your best friend's cousin's aunt is making that Blue Cross
payment, it's still your responsibility to do so, and if you don't, your coverage is lost.
However, if you don't make a
payment within the grace period, you won't be able to get your
COBRA health insurance back.
If you're late on your initial premium
payment, you'll lose your right to
COBRA coverage and you won't be able to get it back.
What happens in your situation depends on whether you're late on your initial
COBRA premium
payment or late with a
payment for ongoing
COBRA coverage.
There is no grace period if you're late paying your initial
COBRA premium
payment.
On June 15, you hobble to the post office on crutches, mailing your late
COBRA premium
payment well within the 30 - day grace period.
If you had waited until June 26 to make your late
COBRA premium
payment, you would have been beyond the 30 - day grace period and your
COBRA coverage would have been canceled permanently.
This initial
COBRA premium
payment will be larger than subsequent monthly
payments since it usually covers more than one month of health insurance coverage.
Assisted members and subscribers with their
COBRA benefits for medical / vision and dental benefit information, provided coverage for medical benefits and
payment information.
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