RESPONSE I RECEIVED BACK FROM A CORPORATE CONTACT! IF YOU ARE ON COBRA NOW, START LOOKING FOR OTHER OUTSIDE INSIDE, IT WILL BE GONE BY THE END OF JAN 08
At this point I know that people on COBRA that worked for Value City will have coverage through January and maybe longer depending how long it takes the owners of Value City to close the company down. There would be no more COBRA after Value City is shut down, and a letter will go out to them to tell them the COBRA will end.
If there is no company to offer the insurance through, then there is no COBRA, some think because they went on COBRA before the company shut down they will continue till the COBRA is over, but that is not true.
Hope this helps
Benefits Administrator
DSW Shared Services
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