I was contacted this week by an individual who expects his employment to be terminated around mid-October. He will be eligible for Cobra, but it will be expensive and he wants to consider options on the Marketplace exchanges as well. I know he will qualify for a SEP because of his loss of coverage through his job.
I also know that he will have at least 60 days to elect Cobra from his termination date, which carries him into mid-December. He then has 45 days to make his first premium payment, or until the end of January or so. My understanding is that he would be covered during this entire ti
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I also know that he will have at least 60 days to elect Cobra from his termination date, which carries him into mid-December. He then has 45 days to make his first premium payment, or until the end of January or so. My understanding is that he would be covered during this entire ti
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