MNsure recently announced a Special Enrollment Period for Minnesota Residents on COBRA.
If you are on COBRA, you can look for opportunities to save money from Aug 17, 2015 through Oct 15, 2015. If you are on COBRA, take a look at this as the potential savings can be huge.
“COBRA coverage is often very expensive, and is often offered at a time when the individual is experiencing hardship such as the loss of a job,” said interim CEO Allison O’Toole. “We hope this special enrollment period will allow current COBRA enrollees to reevaluate their situation, and come to MNsure to see if they can find a plan that meets their needs at a lower cost.”
The special enrollment period will be available to Minnesotans who meet the following criteria:
- COBRA coverage was offered and the individual enrolled in that coverage during the past 18 months,
- The individual is currently enrolled in COBRA coverage, or ended it prior to or during the special enrollment period, and
- The individual did not enroll in a qualified health plan through MNsure since being offered COBRA coverage.
A consumer’s eligibility to enroll during this special enrollment period will be verified by MNsure before coverage goes into effect.
“We believe there is insufficient information out there right now for COBRA enrollees about their alternative coverage options. We hope this special enrollment period will provide some clarity,” said O’Toole. “We will accompany this special enrollment period with targeted outreach messages so Minnesotans that fall into this category are made aware of this special enrollment period. We are also working with other state agencies to make alternative COBRA options clear moving forward.”
As an official MnSure Partner, Alexander & Haberman can help you through this process. Call us today!