Get Continuation-conversion Notice (et-2311) - Etf - Etf Wi

It is possible to have both private insurance and Medicare at the same time. When you have both, a process called “coordination of benefits” determines which insurance provider pays first. This provider is called the primary payer.

To cancel your COBRA plan you will need to notify your previous employer or the plan administrator in writing, requesting to terminate the insurance. After you stop your COBRA insurance, your former employer should send you a letter affirming termination of that health insurance.

If you have COBRA and you're eligible for Medicare, COBRA may only pay a small portion of your medical costs, and you may have to pay most of the costs yourself. Contact your COBRA plan and ask what percent they pay. To avoid unexpected medical bills, you may need to sign up for Medicare right away.

Medicare costs Medicare Part B is medical coverage, and most people pay the standard premium amount for it. In 2021, this amount is $148.50. So, for most people, Medicare will be less expensive unless their COBRA coverage has a premium that's lower than $148.50.

When you're eligible for or entitled to Medicare due to ESRD, COBRA pays first, and Medicare pays second during a coordination period that lasts up to 30 months after you're first eligible for Medicare. After the coordination period ends, Medicare pays first.

If you become eligible for Medicare after you've signed up for COBRA, your COBRA benefits cease at age 65, no matter how many months of COBRA coverage you were offered.