COBRA Consequences of a Dependent Turning 26
Aging out of health coverage can be a COBRA Qualifying Event.
COBRA Payment During Grace Period
What happens if a COBRA participant waits until the end of the grace period to pay the monthly premium and has a medical claim in the meantime?
Q: What happens if a COBRA participant waits until the end of the grace period to pay the monthly premium and has a medical claim in the meantime?
A: COBRA participants generally have a 30-day grace period to pay monthly premiums. During that time, coverage may be suspended and claims may be held or denied pending payment. If the full premium is paid within the grace period, coverage must be reinstated retroactively to the beginning of the coverage period, and eligible claims can then be reprocessed.
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This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
Topics
Expense Not Covered by the Health Plan
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COBRA Grace Period
What does a grace period mean for COBRA payments?