What is the COBRA subsidy?
The COBRA subsidy temporarily eliminates monthly COBRA premiums through September 30, 2021, for eligible individuals. This temporary assistance is the result of a provision in the American Rescue Plan Act.
How do I qualify for the COBRA subsidy?
You may qualify for the COBRA subsidy if you’ve experienced an involuntary end to your employment or a reduction in hours, elected COBRA continuation coverage in the past 18 months, and aren’t eligible for any other group health insurance plan or Medicare.
I’m eligible for health insurance coverage on my spouse’s plan. Am I also eligible for the COBRA subsidy?
No, you are not eligible for the COBRA subsidy if you are also eligible for Medicare or other group health insurance coverage, including a spouse’s plan or a new employer’s plan.
Will my family members still be covered on my health insurance plan?
Yes, the family members on your health insurance plan will still be covered under the COBRA subsidy.
I already declined COBRA coverage. Can I still get the COBRA subsidy?
Yes, you may be eligible for the COBRA subsidy if you previously refused COBRA coverage or elected COBRA coverage and later ended it. You may have another chance to get subsidized COBRA coverage if you’re currently within the 18-month window in which you experienced an involuntary end to your employment or a decline in your work hours.
Can I switch from COBRA to a different health insurance plan during the OEP or during an SEP?
Yes, you can choose to change your health insurance coverage from COBRA to another option during the Open Enrollment Period (OEP). If you qualify for an Special Enrollment Period (SEP), you can also switch plans.
How do I explore health insurance options other than COBRA?
HealthMarkets can help you explore your health insurance options. Learn more.
How can I stop receiving COBRA communications from HealthMarkets?
There are two ways to stop receiving COBRA related communications from HealthMarkets:
- Contact (888) 637-9621 to be placed on the do-not-call list, or
- Click the “unsubscribe” link in emails to opt out at any time.