Guest joeydell Posted December 5, 2001 Posted December 5, 2001 What are the rules regarding COBRA if the employer shuts the company down? Will employees currently on COBRA and employees laid off have continuation of coverage or does it go away?
Mary C Posted December 5, 2001 Posted December 5, 2001 In general, if there is no company, there is no health plan to continue. If the health care plan is terminated, there is no COBRA.
Larry M Posted December 5, 2001 Posted December 5, 2001 COBRA allows certain individuals to continue (by paying the required premium) to receive the same benefits as those of the active employees of the employer. If there is no plan for the active employees, then the COBRA beneficiaries are in the same position; that is, they, too, have no plan. An exception might be the ability to convert to an individual plan provided by the former carrier.
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