I have searched the internet (including IRS FAQs and releases) and somehow can’t find an answer to this. Does the end of ARPA count as a QLE for open enrollment? My specific situation is I want to drop my dependents off of my plan so they can join their mom’s starting in Oct since the premiums will no longer be covered at that point. This seems like a pretty significant thing – I’m effectively losing coverage (in that my health insurance will no longer be paid for). Her HR hasn’t be willing to move on this yet, but are there any official policies or laws about this?
The closest I can find is this (https://www.vorys.com/publications-2929.html):
If an AEI’s COBRA period extends past the end of the COBRA subsidy, the AEI will need to pay COBRA premiums if he or she wants to continue COBRA coverage. If the Outbreak Period extension of deadlines is still in effect, the extension will apply to the deadline for each monthly payment. Q&A-48.
So I could cancel COBRA entirely I guess, but not just drop my dependents?
Thanks so much for the help!
submitted by /u/Phoenix00017
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I have searched the internet (including IRS FAQs and releases) and somehow can’t find an answer to this. Does the end of ARPA count as a QLE for open enrollment? My specific situation is I want to drop my dependents off of my plan so they can join their mom’s starting in Oct since the premiums will no longer be covered at that point. This seems like a pretty significant thing – I’m effectively losing coverage (in that my health insurance will no longer be paid for). Her HR hasn’t be willing to move on this yet, but are there any official policies or laws about this? The closest I can find is this (https://www.vorys.com/publications-2929.html): If an AEI’s COBRA period extends past the end of the COBRA subsidy, the AEI will need to pay COBRA premiums if he or she wants to continue COBRA coverage. If the Outbreak Period extension of deadlines is still in effect, the extension will apply to the deadline for each monthly payment. Q&A-48. So I could cancel COBRA entirely I guess, but not just drop my dependents? Thanks so much for the help!
submitted by /u/Phoenix00017 [link] [comments]Read Morer/HealthInsurance