If US does at some point file for Chapter 7, how does that affect Cobra insurance benefits? I am going on furlough Dec 6th and would appreciate any info.
COBRA is only good if the corporation is in existence. Should U fold, you might have the ability to turn your existing coverage into single coverage. However, all employees would be covered by HIPPA. U would be required to issue certificates of creditable coverage within 60 days of the health plan termination. These certificates state the amount of time you have had continuous healthcare coverage. Based on the previous length of continuous coverage the wait time for pre-existing conditions is lowered.
