Do you have COBRA coverage? Wondering when you can change to a new plan? If you are already enrolled in a COBRA health insurance plan, you may have options.
Outside of the Open Enrollment Period you can change plans if you qualify for a Special Enrollment Period, so if your COBRA is running out you qualify. If you are ending COBRA early then you cant change your plan until Open Enrollment begins unless your COBRA runs out. Now lets say your COBRA cost change because your former employer stopped contributing then yes you can change plans because this qualifies you for a Special Enrollment Period.Â
During Open Enrollment you can plan change plans no matter what the reason is! COBRA running out, ending COBRA early, premiums are too high – it’s not a problem you can shop and change your plan.
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
