Gain or Loss of Other Coverage

Gaining Coverage from Another Source

There may be a time when you find yourself newly eligible for benefits coverage outside of our Company. For example, perhaps your spouse has started a new job, and you now have access to benefits coverage through their new employer. 

Gaining coverage elsewhere doesn’t automatically mean you should make changes to your benefits or drop coverage through our Company in favor of what is now available. It’s important to carefully compare your new benefit options to those available through our company to make the best decision for yourself and your loved ones. It also does not have to be an “all or nothing” change. You can choose to remain covered in our Company plans while you drop your spouse/domestic partner or child from your coverage and have them enroll in their employer’s plan. In addition, you may choose to change your medical coverage, but remain in our Company dental and vision, for example.

Losing Coverage from Another Source

If you or your dependent is losing access to coverage from another source (for example, perhaps you were covered as a dependent on your spouse’s benefits, but they have left their job), compare our Company’s benefit options to what you or they may be entitled to receive through COBRA as a result of the loss. 

COBRA lets you continue your coverage for a specific period of time (typically 18 months). You’ll be responsible for paying 102% of the total cost. However, if your change occurs mid-year, COBRA honors any amounts you’ve incurred toward your annual deductible and out-of-pocket maximum. It’s legally required that the company from which you’ve lost coverage provides additional information on COBRA when you process your change. Each person affected will receive a COBRA notice. 

If you or your dependent child is losing access to our Company coverage due to turning age 26, you will receive a COBRA notice to continue coverage. You can weigh your available options and choose the coverage that is the best fit.