Is resignation a qualifying event for COBRA?
Asked by: Mr. Estevan Hill | Last update: August 23, 2025Score: 4.4/5 (36 votes)
Is resigning a qualifying event for COBRA?
For “covered employees,” the only qualifying event is termination of employment (whether the termination is voluntary or involuntary) including by retirement, or reduction of employment hours.
Which of the following is not a qualifying event to trigger COBRA coverage?
Taking a leave of absence under the Family and Medical Leave Act of 1993 (FMLA) is not a COBRA qualifying event because FMLA requires a covered employer to maintain group health plan benefits for an employee so the employee has no coverage loss.
Is resigning a qualifying event?
A change in employment status — whether voluntary or involuntary (laid off, dismissed, resigned, quit or retired) — is another qualifying life event. If you've experienced a job change, call the phone number on your member ID card to learn your options. COBRA may be one of the options you may consider.
What is a qualifying event while on COBRA?
COBRA coverage follows a "qualifying event". An example of a qualifying event would be if your hours were reduced or you lost your job (as long as there was no gross misconduct). Your employer must mail you the COBRA information and forms within 14 days after receiving notification of the qualifying event.
What is a COBRA Qualifying Event
What is the COBRA loophole?
If you decide to enroll in COBRA health insurance, your coverage will be retroactive, meaning it will apply to any medical bills incurred during the 60-day decision period. This loophole can save you money by avoiding premium payments unless you actually need care during this time.
Is dropping COBRA a qualifying life event?
No, stopping payment for COBRA coverage is not considered a qualifying event.
What is the difference between quitting and resigning?
Exit: When you resign, you often follow the human resources process for exiting the company. You also provide your employer with ample notice and take part in an exit interview. When you quit, you typically walk out immediately without giving notice or following the human resources protocol.
What are examples of a qualifying event?
- Gaining a dependent or becoming a dependent through birth or adoption.
- Getting married.
- Applicant or dependent lost minimum essential coverage due to termination or change in employment status.
- Cessation of an employer's contribution toward an employee or dependents coverage.
When you resign from a job, what happens to your insurance?
How long does health insurance last after quitting a job? If you have job-based insurance, your coverage usually ends on your last day of work or at the end of that month. The exact date depends on your employee health plan. Sometimes, you will have extended coverage if you leave as a retiree.
Can you stay on COBRA after getting a new job?
Yes, you can keep COBRA coverage even when your new employer offers health insurance. The decision to retain COBRA or opt for the new employer's plan depends on your personal circumstances, such as comparing benefits and costs. There's no federal mandate to cancel COBRA upon obtaining new job-based insurance.
What happens if I elect COBRA but don't pay?
There is no grace period if you're late paying your initial COBRA premium payment. 3 If it isn't paid on time (ie, within 45 days of electing COBRA), you lose your right to have COBRA coverage; you'll have to find other health insurance options or you'll be uninsured.
Which of the following would be a qualifying event as it relates to COBRA quizlet?
Which of the following is considered a qualifying event under cobra? Divorce. Other qualifying events include the voluntary termination of employment; an employee's change from full time to part time; or the death of the employee.
Which of the following is not a qualifying event for COBRA?
Coverage provided under the FMLA is not COBRA coverage, and taking FMLA leave is not a qualifying event under COBRA.
Can I file for COBRA if I quit my job?
You have 60 days to enroll in COBRA once your employer-sponsored benefits end. You may even qualify if you quit your job or your hours were reduced. Other COBRA qualifying events include divorce from or death of the covered employee.
How long is health insurance valid after resignation?
Yes, you can still get health insurance if you quit your job. You can keep your job-based coverage for up to 18 months with a COBRA plan. Or you can buy an individual plan through the Health Insurance Marketplace.
Does quitting your job count as a qualifying event?
Is losing or getting a new job a qualifying life event? Yes, if you lose your employer-sponsored health care, you're eligible for a Special Enrollment Period. There's no distinction between leaving your place of employment willingly, like in the case of resignation, or unwillingly, like with a layoff or firing.
Is voluntarily ending Cobra a qualifying event?
However, you won't qualify if you decide to end COBRA early and are paying the full benefit cost yourself. You also don't qualify if you lose your COBRA coverage because you didn't pay your premiums. Remember, you don't need a special enrollment period if you voluntarily end COBRA during open enrollment.
What is an example of a qualifying statement?
Rather than saying ''You will get a raise,'' or ''You will get an A in this class,'' you might say something like ''My hope is that you earn an A in this course,'' or ''The plan is to give you a raise in three months. '' These qualifying statements suggest what may happen in the future without making a promise.
Is it better to say I quit or I resign?
Quitting a job is the same thing as resigning from a job in most cases: either way you have chosen to no longer have that job. Resign is more at home in formal settings, but quit is perfectly acceptable in serious writing as well.
Is it better to quit or give 2 weeks notice?
If your employer has a pattern of firing employees once they give notice and preventing them from earning their last paycheck, consider quitting without notice. Two weeks' notice is about showing mutual respect to your employer, and if they retaliate against employees leaving in any way, they forfeit that respect.
What are the disadvantages of resigning?
- Different Types of Job Separations.
- Resigning Prevents a Firing.
- Resigning Means You Lose Unemployment Benefits.
- You Can Lose Other Benefits.
- Resigning Can Show Disloyalty.
- You Might Be a Job Hopper.
- Resigning Can Create Resume Gaps.
- You Might Lose a Good Reference.
What are the 7 COBRA qualifying events?
The seven COBRA qualifying events that allow individuals to maintain their employer-sponsored health insurance include termination of employment for reasons other than gross misconduct, reduction in the number of work hours, divorce or legal separation from the covered employee, the covered employee becoming entitled ...
What are the second qualifying events for COBRA?
If during the 18 months of continuation coverage, a second event takes place (divorce, termination of domestic partnership, legal separation, death, or a dependent child ceases to be a dependent), then the original 18 months of continuation coverage can be extended to 36 months from the original date of loss of ...
Can I terminate a COBRA at any time?
Yes, you can cancel COBRA coverage at any time. However, be aware that cancellation does not trigger a special enrollment period for new health insurance.