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I have a client coming who has resigned from their employer and has been told they are eligible for COBRA. Their insurance ends the end of January 2014 (this month). I told her to take the COBRA because she couldn't even go into a plan until it is effective which would be March 1st (earliest effective date).
So if they go on COBRA, how long can they stay on it (18 months)? If it turns out that a new plan is less money than COBRA, can they go on a new plan right away or do they have to wait. They are not eligible for a subsidy. If they were eligible for a subsidy, which they are not, could they go on the exchange from COBRA right away or do they have to wait a certain amount of time?
So if they go on COBRA, how long can they stay on it (18 months)? If it turns out that a new plan is less money than COBRA, can they go on a new plan right away or do they have to wait. They are not eligible for a subsidy. If they were eligible for a subsidy, which they are not, could they go on the exchange from COBRA right away or do they have to wait a certain amount of time?