asking for a still working friend............
If he leaves this company (XXX), enrolls in the Fed Cobra and then later in California COBRA), he believes he can get 18 mos. of Fed Cobra and then
18 more mos. of California Cobra
1) if the company keeps the XXX name and the company structure (likely his Cobra will continue).
But what happens if (either before or after he leaves XXX)
2) if the company name is changed to a new name of "ABCD"? will his Cobra still be valid whether or not a new insurance program is established or with the old program?
3) if XXX is being absorbed to become a division of a bigger company, and joins their insurance program, will his Cobra still be valid?
Does it matter if the parent larger company is foreign? Or can they parent larger company set up so that the acquiring company looks American?
If you have any links, that would also be useful.
If he leaves this company (XXX), enrolls in the Fed Cobra and then later in California COBRA), he believes he can get 18 mos. of Fed Cobra and then
18 more mos. of California Cobra
1) if the company keeps the XXX name and the company structure (likely his Cobra will continue).
But what happens if (either before or after he leaves XXX)
2) if the company name is changed to a new name of "ABCD"? will his Cobra still be valid whether or not a new insurance program is established or with the old program?
3) if XXX is being absorbed to become a division of a bigger company, and joins their insurance program, will his Cobra still be valid?
Does it matter if the parent larger company is foreign? Or can they parent larger company set up so that the acquiring company looks American?
If you have any links, that would also be useful.