Grace Periods
Select the Grace Periods Tab.
- Election Period
Enter a number that indicates the time frame (expressed in number of days) during which the participant may elect COBRA continuation coverage.
- Initial Payment Due
Enter the number of days that the qualified beneficiary has to make the initial COBRA payment and remain qualified for coverage.
- Additional Payment Due
Enter a number that indicates the grace period, measured in days, that the participant has to make the COBRA payments and remain qualified for coverage.
- Mail Notice to Convert
Enter the number of days prior to the end of COBRA coverage that the COBRA administrator has to mail the Notice to Convert to all qualified beneficiaries.