Can I continue my benefits coverage after leaving the company?
Asked a year ago
Yes, you can continue your benefits coverage after leaving the company through a program called COBRA (Consolidated Omnibus Budget Reconciliation Act). COBRA allows employees and their dependents to temporarily extend their health, dental, and vision coverage. This option is available if you were enrolled in an employer-sponsored health plan and experienced a qualifying event such as job loss or reduction in work hours. The coverage can last up to 18 months, and you will be responsible for paying the full premium amount plus a small administrative fee. It is important to check with Crosby Benefit Systems Inc. for specific details, as the eligibility and terms may vary. COBRA provides you with the flexibility to maintain insurance coverage during transitional periods, ensuring you have valuable protection during times of uncertainty.
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