Texas COBRA Continuation Waiver Letter
Description
How to fill out COBRA Continuation Waiver Letter?
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FAQ
You May Cancel COBRA At Any Time To cancel your your COBRA coverage you will need to notify your previous employer or the plan administrator in writing. After you stop your COBRA insurance, your former employer should send you a letter affirming termination of that health insurance.
COBRA Coverage PeriodsYou can cancel the COBRA coverage at any time within 18 months. You're not locked in. You will likely want to drop COBRA once you become eligible for a different health plan, such as if you get another job. If you stop paying premiums, COBRA coverage will end automatically.
State law allows employees of smaller employers (fewer than 20 employees) to keep the same. group health insurance coverage for up to nine months after loss of a job or loss of coverage. because of a reduction in work hours. This is called state continuation.
Under Texas state continuation, you and your family may remain covered under your former employer's health plan for up to nine months if you are not eligible for COBRA.
Any individual who is covered under a group health plan either as the employee, the spouse of the employee, or the dependent child of the employee is eligible for the nine (9) month state continuation coverage if they have been continuously covered under the group coverage for at least three (3) consecutive months
Instead, Assistance Eligible Individuals do not have to pay any of the COBRA premium for the period of coverage from April 1, 2021 through September 30, 2021. The premium is reimbursed directly to the employer, plan administrator, or insurance company through a COBRA premium assistance credit.
If you want to avoid paying the COBRA cost, go with a short-term plan if you're waiting for approval on another health plan. Choose a Marketplace or independent plan for broader coverage. Choose a high-deductible plan to keep your costs low.
Q3: Which employers are required to offer COBRA coverage? COBRA generally applies to all private-sector group health plans maintained by employers that had at least 20 employees on more than 50 percent of its typical business days in the previous calendar year.
STATE CONTINUATION: If you are not eligible for COBRA or if you have exhausted your COBRA coverage, Texas law provides you with coverage continuation rights.
If you waive COBRA coverage during the election period, you must be permitted later to revoke your waiver of coverage and to elect continuation coverage as long as you do so during the election period. Then, the plan need only provide continuation coverage beginning on the date you revoke the waiver.
