Other Private Insurance - Employer or Union Health Coverage

If you drop your employer or union group health coverage, you may not be able to get it back. You also may not be able to drop drug coverage without also dropping all of your health coverage. If you drop coverage for yourself, you may also have to drop coverage for your spouse and dependents. Call your employer's or union's benefits administrator for more information. Note about COBRA COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) is a law that may allow you to keep health coverage from your or your spouse's employer after the employment ends. When the employment ends, you will get only one Special Enrollment Period (SEP) to sign up for Part B without paying a penalty, whether or not you have COBRA coverage. Part D works a little differently. For Part D, if you leave an employer-sponsored plan (including COBRA), you have a Special Enrollment Period. Before you elect COBRA, talk with your State Health Insurance Assistance Program to see if buying a Medigap Policy and/or a Medicare drug plan is better for you than COBRA. See Other Important Medicare Contacts their telephone number. (Primary Source: Centers for Medicare and Medicaid Services - Medicare and You Handbook 2007. This content may have been added upon by Q1Group LLC to include further examples, explanations, and links.)