The extended coverage safety net
If your job ends at Walmart or you have to cut down on your hours, you’ll be offered extended coverage through COBRA. This allows you and your family to keep your current medical plan. The difference is that you'll have to pay for the full cost of the plan, which is called the premium, and you can only keep it temporarily. Think of it as a safety net until you get a new plan.
If you or your dependents become eligible for COBRA due to termination or a reduction of hours, or if your dependents become eligible due to your death, you'll receive a notification that explains your rights and how to enroll for coverage.
In the case of a divorce, legal separation, end of partnership or a child's loss of dependent status that makes your dependents eligible for COBRA coverage, you must notify People Services at 800-421-1362 within 60 days or your dependents will not be able to enroll.
Once enrolled, you'll be responsible for paying both your portion of the premium and the portion that was previously paid by the company, plus a 2 percent administrative fee. Coverage can last up to 18 months for you, or 36 months for your dependents.
To learn more about coverage and rates, see the COBRA Rights brochure (PDF) and COBRA Decision Guide (PDF)