Bakery Drivers Local 734 Pension Fund in Chicago, IL is a welfare and pension fund that provides health care coverage and retirement benefits to active employees and their dependents. They offer COBRA coverage, which allows individuals to continue their health care coverage through self-payments if coverage is lost due to certain qualifying events. The fund also provides information on alternative health coverage options, such as the health insurance exchanges, tax credits, and eligibility for other group health plans or government programs like Medicare or Medicaid.
The maximum coverage period for COBRA is 18 months, but it can be extended to 29 months for disabled individuals. Dependents, including spouses and children, can elect COBRA coverage for up to 36 months after qualifying events like divorce, Medicare entitlement, loss of dependent status, or the employee's death. If a second qualifying event occurs during the 18-month coverage period, the coverage can be extended for the spouse or child for up to 36 months minus the number of months already received under the initial continuation.
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