IRS Clarifies Application of Deadline Extensions to COBRA
- Hatcher Agency Marketing
- Nov 1, 2021
- 1 min read
COBRA post 📌
Instead of only having 60 days to elect COBRA, due to the Pandemic, you now have 1 Year and 60 days to choose to elect COBRA:
2️⃣ If an individual elected COBRA continuation coverage outside of the initial 60-day COBRA election [period], that individual generally will have one year and 105 days after the date the COBRA notice was provided to make the initial COBRA premium payment.”
2️⃣ If an individual elected COBRA continuation coverage within the initial 60-day COBRA election [period], that individual will have one year and 45 days after the date of the COBRA election to make the initial COBRA premium payment.
