Resignation, Firing & Termination Questions
Am I legally entitled to continued health insurance after resignation?
I am in the process of resigning from the construction employer that I am working for to start my own business. I have heard that I can keep my health insurance but what do I have to do to maintain the policy. Unless you are terminated for gross misconduct, you are entitled to COBRA. COBRA is The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires most construction employers with group health plans to offer employees the opportunity to continue temporarily their group health care coverage under their construction employer's plan if their coverage otherwise would cease due to termination, layoff, or other change in employment status (referred to as "qualifying events"). You have up to 60 days to elect coverage and qualify for up to 18 months. You are required to make the payments to the construction employer. I encourage you to speak with the plan administrator for more information.