how much time do you have to make a cobra payment
Letâs look at a few different scenarios. In all cases, the date that your payment is postmarked is the date that the law considers you to have paid. First premium payment: If this is your first payment, you have 45 days from the day you elected COBRA to make payment. As long as payment is made within this 45-day period, your COBRA will continue in force. If you pay outside this 45-day period, you are considered to have forfeited your COBRA (i.e., lose your continuation rights). Your ex-employer may, if they so choose, accept your late check and implement COBRA anyway, but if the payment is postmarked more than 45 days after the election of COBRA, itâs up to your former employer whether to accept it or not.