How Long Can COBRA Insurance Be Carried?

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COBRA insurance can only be carried for a very specific amount of time. Find out how long COBRA insurance can be carried with help from the President of The Stratford Financial Group, Inc. in this free video clip.

Part of the Video Series: COBRA Insurance
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Hello, I'm Jeffrey Ingalls, president of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey and right now we're going to talk about how long can Cobra Insurance be carried. Cobra is the federal labor law that allows participants and qualified beneficiary to continue their group insurance coverages that might otherwise have been lost or terminated. So after making a formal election, how long can cobra insurance be carried? The length of your continuation will depend on the qualifying event that you've experienced. Some common examples of these would be an employee losing their employment for a reason other than gross misconduct, a reduction in work hours, or Medicare entitlement. These qualifying events as they are referred would allow a participant to continue for up to 18 months. There are other events that would allow a participant to continue for up to 36 months. Some common examples of these would be divorce or legal separation, the death of a covered employee or a dependent child ceasing to meet the dependent guidelines under the group insurance plan. There are some secondary events such as total disability which would allow a participant to continue for an additional eleven months. It's important to note that all Cobra participants need to pay their premiums on time as designated in their Cobra notice and election form letter. Additionally they have a 30 day standard grace period in which to remit their premiums. I'm Jeffrey Ingalls, president of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey. We can be found at www.stratfordlink.com and you just watched how long can Cobra insurance be carried. Thank you.

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