What is the difference between COBRA, Eligible Former Employee, and retiree health insurance continuation?

The primary differences relate to eligibility requirements, length of coverage, and how coverage is continued. 

COBRA provides temporary continuation of health insurance coverage for up to 18 months following a qualifying event, such as separation from employment. 

Retiree health insurance allows eligible retirees to continue their State Group health insurance coverage indefinitely, as long as eligibility requirements are met. To qualify, you must be enrolled in State Group health insurance at the time of retirement and must begin receiving your retirement benefits immediately upon retirement. Retiree coverage allows for uninterrupted continuation with no lapse in coverage.  

Eligible Former Employee (EFE) coverage (for those who qualify) provides a 24-month period after separation during which you may reinstate State Group health insurance coverage. 

Each option serves a different purpose depending on your employment status and long-term insurance needs. For additional information regarding retiree insurance options, visit the MyBenefits Retirees page here.