I've been paying for family unit COBRA coverage for several months, through April. At the beginning of may I did not engineer a payment, as allowed by the grave time of year to make tardy payments. It is now the stop of May.
I qualify for coverage with my exotic job June 1. Now (it is very soon the end of may) I am in place to terminate my COBRA coverage. Is nearby any reason to take-home pay for the [past] month of May when I did not have any medical claims? Can the insurance company pursue me for technically covering me for the month of May?
Answers: If you enjoy any medical conditions that the new policy might consider pre-existing, you may want to keep hold of the COBRA coverage so their is no break in coverage. Find out if within is a pre-existing clause first.
If you do not incur any medical bills for the month of May (you still have a few days to go--Murphy's Law applies here), no you do not call for to pay for COBRA. They will not pursue you for the transmittal. They will notify you that the COBRA has terminated April 30,2008. COBRA administrator usually do not even send due bills-and they usually explain to you when you first get the notification of see for COBRA that once the grace period is passed, your opportunity for coverage is gone and cannot be renewed. As long as you are SURE that you will hold insurance through your new employer June 1st, in attendance is little risk here. If something (God forbid) does happen, you may know how to Tele-check or phone charge the premium for May.
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I qualify for coverage with my exotic job June 1. Now (it is very soon the end of may) I am in place to terminate my COBRA coverage. Is nearby any reason to take-home pay for the [past] month of May when I did not have any medical claims? Can the insurance company pursue me for technically covering me for the month of May?
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Answers: If you enjoy any medical conditions that the new policy might consider pre-existing, you may want to keep hold of the COBRA coverage so their is no break in coverage. Find out if within is a pre-existing clause first.
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If you do not incur any medical bills for the month of May (you still have a few days to go--Murphy's Law applies here), no you do not call for to pay for COBRA. They will not pursue you for the transmittal. They will notify you that the COBRA has terminated April 30,2008. COBRA administrator usually do not even send due bills-and they usually explain to you when you first get the notification of see for COBRA that once the grace period is passed, your opportunity for coverage is gone and cannot be renewed. As long as you are SURE that you will hold insurance through your new employer June 1st, in attendance is little risk here. If something (God forbid) does happen, you may know how to Tele-check or phone charge the premium for May.
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