Legal Question in Civil Litigation in Florida
Cobra
My company went out of business in
Aug of this year and I signed up for
COBRA now I am told they have
completely closed and my COBRA is
only good through this month. I pay
$342.00 a month to keep the
coverage I had with my company.
Now I have heard since they are
completely out of business I will have
to contact the ins. company and pay
more for this coverage. I found this
out though speaking with another
co-worker. I was told the company
does not have to inform us of this. Is
this true. My COBRA was to go
through 2-09 but now what am I to
do?
1 Answer from Attorneys
Re: Cobra
Contact the insurance company. What you must pay the company for coverage would be governed by federal ERISA laws and your contract with your employer and the insurance company.