Qualifying events are events that cause an individual to lose group health coverage. After losing group health coverage, an individual may elect to take COBRA, which provides previously benefit-eligible and enrolled participants and their dependents the ability to continue coverage between 18-36 months, depending on their role and qualifying event.
Qualifying Life Events might include:
- Voluntary/Involuntary Termination
- Reduction of hours
- Death
- Divorce
- Aging off parents' benefit plans
- Entitlement to Medicare