Question

Once an employee's employment has terminated, how many days does the insured have to convert the group health plan to an individual one?

A)5 days
B)3 days
C)8 days
D)2 days

Answer 1

A terminated employee generally has 60 days to elect COBRA coverage after which they have 45 days to pay the premium. This period may vary depending on the specific health plan or state laws.

Step-by-step explanation:

When an employee's employment has terminated, the insured typically has a limited period to convert a group health plan to an individual policy. According to the Consolidated Omnibus Budget Reconciliation Act (COBRA), which governs such matters in the United States, a terminated employee usually has 60 days to elect COBRA coverage starting from the later of the date of termination or the date the employee is informed of their right to continue health insurance. After electing COBRA, they usually have 45 days to pay the first premium. It is important for the employee to review their specific group health plan or consult with the plan administrator as conversion periods for different policies might vary, and additional state laws may apply.