zoinnk wrote:
cs11 wrote:
This might only help folks who work for the government (which I assume isn't many of you), but I checked with our HR department the other day and was told that there is a one month 'grace period' offered when I leave (pre-cobra). In my case, I'm planning on leaving July 1, so that would cover me through the end of August.
Maybe other firms offer such a grace period?
I think COBRA is a 45-day grace period.
The grace period only allows you to defer the payment of your premium 45 day from the day
that you elect COBRA coverage.
In other words, if you quit on May 15th, the first day of being uninsured would be June 1st (you're covered until the end of the month. If you elected to take COBRA coverage on June 15th, you'd have until the end of August (or so) until your first premium was due.
However, I remember someone saying that you also get a period where you can retroactively elect COBRA coverage. In other words if your first day without insurance was June 1st and you got sick on June 20th, you could elect coverage on June 20th, even though most insurance programs don't allow for pre-existing conditions.
RF