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There is a statutory penalty for late COBRA notices to former employees of $110 per day (after the 14 or 30 (44) days as previously posted). However, there have been court decisions denying the penalty if the former employee is not harmed (doesnt elect, or has no gap in coverage), or the employer acted in bad faith.
You have 60 days to enroll in COBRA once your employer-sponsored benefits end. Even if your enrollment is delayed, you will be covered by COBRA starting the day your prior coverage ended.
COBRA, the Consolidated Omnibus Budget Reconciliation Act, lets qualified workers keep their group health insurance for a limited time after a change in eligibility.
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