Employers with 20 or more employees are required under the Consolidated Omnibus Budget Reconciliation Act (COBRA) to offer employees and/or their dependents continuation of medical and dental coverage in certain instances where there is a loss of group insurance coverage.
Employee or dependents must elect continuation coverage within 60 days.
Employee or dependents must be allowed to elect the same coverage that was in place prior to the loss of coverage provided under the employer’s plan.
The individual continuing coverage is responsible for making the full monthly premium payment to the employer each month. This includes the employee’s share and any portion previously paid by the employer.
COBRA Insurance only lasts 18 months (in special cases up to 36 months).