IQVIA Benefits Handbook
EARLY TERMINATION OF COBRA COVERAGE
The law provides that your COBRA coverage may be cut short before the expiration of the 18-, 29- or 36-month period for any of the following reasons:
- The IQVIA Health Care Plan no longer provides group health coverage to any of its employees.
- The premium for COBRA coverage isn't paid on time (or within the applicable grace period). The initial payment is due 45 days from the date of your election. Then, you must pay for coverage on a monthly basis within the 30-day grace period.
- The qualified beneficiary becomes covered (after the date COBRA coverage is elected) under another group health plan.
- The qualified beneficiary first becomes entitled to Medicare after the date COBRA coverage is elected.
- Coverage has been extended for up to 29 months due to disability, and the Social Security Administration has made a final determination that the individual is no longer disabled.
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) restricts the extent to which group health plans may impose pre-existing condition limitations. If you become covered by another group health plan and that plan contains a pre-existing condition limitation that affects you, your COBRA coverage cannot be terminated early because of your participation in that other plan.