Blue Cross and Blue Shield of Minnesota is now allowing a one-time limited COBRA Special Enrollment Period. As of June 26, 2014, Blue Cross is accepting applications for enrollment for individuals who currently have COBRA coverage but wish to cancel that coverage early before it expires, in order to switch to an individual or family plan outside of MNsure. The limited Special Enrollment Period runs through July 15, 2014 and aligns with the MNsure decision to permit a SEP for COBRA enrollees to switch to a qualified health plan.
The new plan must be chosen by July 15, 2014 and the coverage will go into effect on August 1, 2014.
This is an interesting decision because the only way that a new plan or new coverage could be obtained previously was through a qualifying event. Not paying premiums or cancelling a plan would not fall under these criteria. If you have been wanting to change your plan and find a new one that better fits your needs, now is your chance. If you have any questions about this new Special Enrollment Period, give us a call! We would love to help!