My wife had an Accounting practice and I was her only employee. She just died. Can I keep the group plan? Do I get COBRA? What if we have individual, not group, coverage and she was the insured while I was the dependent?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 15, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
A. Some carriers will allow you to keep the plan until either the next annual review or until the carrier finds a “one person plan” in a random audit. Some will require a group to hire a new employee within 90 days or else terminate the group. Try to get individual coverage as soon as possible, because once a group has no employees, the plan is terminated and COBRA is NOT offered. (COBRA is offered only to employees who leave a functioning group.)
B. Dependents that lose coverage due to the death of the policyholder are allowed to keep coverage intact. The rates will change to reflect individual (or single parent) coverage at YOUR age bracket instead of your wife’s age.