For people who work in businesses in Pennsylvania with 20 or more employees, there is a federal COBRA law. COBRA benefits generally extend health coverage under the business's insurance plan for 18 months.
If you elect to purchase COBRA, the coverage should be the same as what you had with your employer coverage.
If you are offered COBRA coverage, you must be given an election period of at least 60 days to choose whether or not to elect continuation coverage.
That 60-day period will start on either the date you are provided the election notice or the date you would lose coverage, whichever is later.
COBRA coverage is expensive because your employer is no longer contributing towards the cost. You may want to contact a local exchange assister to determine to review all the options available to you for health insurance coverage.
If there is no longer a health plan, there is no COBRA coverage available. If, however, there is another plan offered by the company, you may be covered under that plan. Union members who are covered by a collective bargaining agreement that provides for a medical plan also may be entitled to continued coverage.
No. If you already satisfied your deductible and out-of-pocket expenses, you do not start over again in the same plan year.