Cobra Coverage Payment Terms

Summary

The clause outlines that if subsection 6(a) applies, the company will cover your COBRA premiums until the earliest of three events: the end of the Continuation Period, the expiration of COBRA coverage, or when you obtain equivalent health insurance through new employment or self-employment. The Continuation Period is the duration during which the company continues to pay your COBRA premiums, as defined by your employment agreement or company policy.

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What does this clause mean
This clause means:
- If subsection *(a) applies and you choose to continue your health insurance under COBRA after your separation,
- The company will pay your monthly COBRA premiums until the earliest of:
- The end of the Continuation Period,
- Expiration of COBRA coverage,
- The date you get equivalent health insurance through new employment or self-employment.
Is there anything specific you need help with regarding this clause?
yes does this mean that they will pay COBRA until I find new insurance?
Yes, it means that the company will pay your COBRA premiums until you find new health insurance through new employment or self-employment, or until the end of the Continuation Period or expiration of COBRA coverage, whichever comes first.
Is there anything else you need clarification on?
What is a continuation period
Case Rating: *
The "Continuation Period" in this context typically refers to the time frame during which the company will continue to pay your COBRA premiums. This period may be defined by your employment agreement or company policy. Do you need more details on how the Continuation Period is defined in your specific situation?