How does COBRA work in New Jersey?
The COBRA law provides that you must be allowed to convert your coverage to an individual, non-group pol- icy of the same health plan provided under the SHBP or SEHBP at the end of your COBRA enrollment period. You must complete your full coverage continuation period. Contact the health plan for details.
Who is eligible for COBRA in New Jersey?
Most employers are familiar with the federal Consolidated Omnibus Budget Reconciliation Act (COBRA). COBRA applies to employers that offer their employees health coverage and have employed 20 or more workers for at least 50 percent of the business days during the preceding calendar year.
How long can you get COBRA in NJ?
COBRA benefits must be offered for a maximum period of eighteen (18) months. In some circumstances, if an employee is disabled, he/she may be eligible to receive an extension of COBRA benefits for a period of up to thirty-six (36) months.
How long must an employer offer COBRA coverage?
36 months
COBRA requires that continuation coverage extend from the date of the qualifying event for a limited period of 18 or 36 months. The length of time for which continuation coverage must be made available (the “maximum period” of continuation coverage) depends on the type of qualifying event.
What are the rules for COBRA insurance?
You must meet three basic requirements to be entitled to elect COBRA continuation coverage: Your group health plan must be covered by COBRA; • A qualifying event must occur; and • You must be a qualified beneficiary for that event.
Can you get COBRA if you quit in NJ?
If you have recently lost your health insurance coverage because you were laid-off, furloughed, reduced hours, or have quit, you have the option to continue your coverage via NJ Continuation or COBRA.
Can I get COBRA for one month?
Although COBRA is temporary, you’ll have time to find another plan. Federal coverage lasts 18 months, starting when your previous benefits end. Each time you enroll, you’re entitled to the same benefits for the same period of time.
Does your employer have to offer you COBRA?
COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) is a federal law that requires employers of 20 or more employees who offer health care benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits due to termination of employment, reduction in hours or …
Can you have COBRA and another insurance at the same time?
You may not have COBRA continuation and another insurance at the same time. You may stay on COBRA as long as you do not obtain other insurance or become covered under your new employer’s health insurance. The federal government’s COBRA law allows workers to continue on the same plan they had when they working.
Does my employer have to offer me COBRA if I quit?
The law requires your former employer to give you a 60 day open enrollment period to choose to continue your current employer health plan or waive COBRA coverage. Once you elect COBRA continuation, your benefits will be retroactive to the date your coverage would otherwise have stopped.