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No. You have 45 days from the date of election to make your first premium payment. However, your insurance carrier may not update your eligibility until full payment has been received through the current month.
Yes. You have a 30-day grace period to pay your COBRA premiums. However, your insurance carrier may suspend claims payments if your premium is not paid by the first of the month.
Yes. If your dependents are qualified beneficiaries, their COBRA coverage may be extended.