What Are My Options Once COBRA Runs Out?

Once your COBRA coverage runs out, you'll still be protected by the rules laid out by HIPPA (the Health Insurance Portability and Accountability Act). HIPAA makes it difficult for insurance companies offering individual healthcare plans to deny you coverage or impose a waiting period if you have a preexisting condition—if you've had COBRA coverage within a specified timeframe.

HIPAA does not however, guarantee that the cost of your new coverage will be the same as your COBRA insurance.

It’s important to remember that there will be time limitations and paperwork to complete and get approved. Therefore it will be a good idea for you to start asking about the HIPAA insurance plan you need a month or more before your COBRA Plan runs out.

You'll probably need to show proof of your COBRA coverage in order to qualify for a HIPAA continuation. If your former employer hasn't sent you proof by the time your COBRA coverage is due to expire, contact the COBRA administrator named in your original paperwork or monthly statement.