Continuation of Coverage

COBRA allows your employees to continue on their insurance plan for up to 18 months after employment ends. COBRA usually costs more because the individual is responsible for the full premium.

Coverage options are available for people seeking an alternative to COBRA.

NetCare Plans

These plans are an alternative to COBRA/mini-COBRA. However, there are some differences between NetCare as a continuation plan and COBRA/mini-COBRA plans.

There are two NetCare plans that are available for employees:

• NetCare Low Deductible – $1,500 Deductible, $5,000 Out-of-Pocket Maximum
• NetCare High Deductible – $3,500 Deductible, $10,000 Out-of-Pocket Maximum

The maximum length of time an employee can be covered by NetCare is 12 months, with no option to extend based on COBRA-qualifying events. If an employee elects to enroll in NetCare as an alternative to COBRA/mini-COBRA, they waive their rights to COBRA/mini-COBRA coverage (once the COBRA election period has expired).

Transition Plans

Your employees also have the option to select a Transition plan. These plans are designed to provide short-term medical coverage for the following people:

• Employees in a waiting period for group coverage
• People who are changing jobs
• Recent graduates
• New business owners
• Children who turn age 26 and are no longer eligible under their parent's plan
• Seasonal or contracted employees