A special open enrollment period for the Federally Facilitated Marketplace is available through July 1, 2014, for COBRA participants. COBRA participants may be able to save money by enrolling in a qualified health plan offered through the Federally Facilitated Marketplace, rather than continue COBRA coverage through their employer-sponsored health benefit plan.
Starmark sent notices to employers with fully insured plans, as well as to their members currently enrolled in COBRA Continuation Coverage.
Employers with a Starmark self-funded plan design who have members enrolled in COBRA Continuation Coverage also received notification, which encourages them to share the employee notice with the COBRA participants in their company’s health plan.
COBRA participants have until July 1, 2014, to select and enroll in a qualified health plan in the Federally Facilitated Marketplace, www.healthcare.gov.