Your insurance coverage ends the 1st of the Month following your date of termination. For example, if you were terminated June 6th (or June 30th ), your coverage terminates July 1. At that point your employer is required to send you a Notice of COBRA Election form within 14 days of losing coverage. You have a 60 day window to make the election.

That COBRA offer letter allows you to continue coverage for up to 36 months, retroactive to the date you lost coverage (July 1, in the above example). COBRA options always apply to medical coverage, and most often apply to dental and vision coverage as well. Though, these latter coverages are only eligible for an 18 month coverage period. Only those people covered on your plan at termination will be eligible for COBRA.

The cost for COBRA is whatever your employer was/is paying for your current coverage plus 2% (+10% if your employer has fewer than 20 employees and is subject to CalCOBRA). The exact costs will be outlined in the COBRA offer letter you receive after termination.

In addition to COBRA, people typically have a few other options:

 This can be a confusing time, so feel free to reach out to your Account Manager with any questions!

Call us at (805) 687 - 3225, or send us an email at info@petersmilam.com. We can't wait to hear from you!

-Dave Peters & Steve Milam