How long does medical insurance stay with you after you've left a job?

Question

I left a job April 9. Doesn't insurance have a 90-day period from the termination day until it expires?

Answer 1

Your insurance is valid for the last onth full preimiem was recieved, If you get paid 2 times a month, say the 1st and 15th, and leave your position on the 20th, you have paid a full premium for that month, and will be covered until midnight on the last day of the month you terminated your employment. In this scenario, you will probably be getting one more paycheck for those last few days between your check on the 15th and the day you left. You may not get that last check until the 1st of the next month, dont think because you received your last check in a different month that you will now have coverage for that month. In order to have coverage for a month, you have to be an active employee in that month. I understand this is all confusing, but it is how it works. Using the same payschedule as above, the 1st and 15th, if you left on the 2nd, you would probably still be covered for that month because you actually worked days in that month and your check on the 1st paid the first half of the monthly premium, and you should have one more check coming for the 15th, which,will pay the second installment of the monthly premium. The main thing to remember is that your coverage is current only if you have worked in that month. You do have the option to COBRA your coverage for up to 18 months. That way you can keep the same level of coverage that you had when employed, the only draw back is that the employer will no longer contribute anything towards the premium, under COBRA, you pay the full premium. Some companies have a very good COBRA policy where they offer a discounted premium if do decide to go the COBRA route. Check with your HR department to get a list of rates for COBRA coverage and good luck.

Answer 2

I thought it was the last day of the month that the premium was paid. Of, course you may cobra the plan and continue paying higher premiums even though you are not employed by the company