If your employment with the University ends or if you no longer are eligible for benefits due to reduced hours, you can buy group healthcare coverage through this plan for yourself and your eligible dependents for up to 18 months, or even longer in certain cases.
The University’s COBRA administrator is PayFlex Systems
. PayFlex is responsible for contacting you and billing you for the healthcare coverage you choose to continue under COBRA.
You can enroll in COBRA benefits no later than 60 days following the date your University coverage ends, or 60 days from the date you receive the notification from PayFlex, whichever is later. If you enroll in COBRA benefits, they will be retroactive to the date your University benefits ended.
Cost of COBRA Coverage
Under COBRA insurance, you will pay the premiums you paid as an employee, plus the premium the University paid on your behalf, plus a two percent administrative fee. Because this is a group insurance plan, it normally will be less than if you buy coverage on your own, even though you pay the full cost of coverage.
COBRA is a law. It is not an endorsed insurance plan or company. Information provided on the Princeton University's HR website is general information and is not intended to substitute for informed professional advice.
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or e-mail us. We’re here to help!
While the University intends to continue each of the benefit plans, the University reserves the right to terminate or amend any plan, at any time, and for any reason.