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What do I need to do to get the subsidy?

Written by Aimee Reynard
Updated 4 months ago

The individual must elect COBRA as outlined in the new COBRA election notice. Those individuals who are eligible will have 60 days after the date of the new COBRA notice to elect coverage. If at any time the eligible individual becomes eligible for another group health plan or Medicare, the individual is required to notify the plan of such new eligibility. If the individual does not notify of such new coverage the fine is $250 for each failure and if the failure was fraudulent, the penalty may be as high as 110% of the subsidy received.

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