COBRA Health Insurance
What is a COBRA qualifying event?
A COBRA qualifying event is an event that causes you to lose employer-sponsored health insurance. Common qualifying events include: voluntary or involuntary termination of employment, reduction in hours, divorce or legal separation, death of the covered employee, and loss of dependent status.
Key Points
- Qualifying events: termination, reduction in hours, divorce, death of covered employee, loss of dependent status
- Termination: voluntary or involuntary (except for gross misconduct)
- Reduction in hours: below the threshold for employer-sponsored coverage
- Divorce: spouse and dependents can elect COBRA
- Loss of dependent status: child ages out of coverage