« Back

COBRA

When experiencing a qualifying life event, COBRA (Consolidated Omnibus Budget Reconciliation Act) allows you, your covered spouse and/or dependent children to continue coverage for medical, dental and/or vision at applicable rates.

Eligibility

To be eligible, you (or the family member seeking continuation):

  • Must have been enrolled in your employer's health plan, and
  • The health plan must continue to be in effect for active employees.
  • Continuing coverage through COBRA is available upon the occurrence of a qualifying event that would otherwise cause an individual to lose current health care coverage.

Qualifying Life Events

Employees

  • Voluntary or involuntary termination of employment for reasons other than gross misconduct.
  • Reduction in the number of hours of employment.

Spouses

  • Voluntary or involuntary termination of the covered employee's employment for reasons other than gross misconduct.
  • Reduction in the number of hours worked by the covered employee.
  • Covered employee becomes entitled to Medicare.
  • Divorce or legal separation of the covered employee.
  • Death of the covered employee.

Dependent Children

  • Loss of dependent child status under the plan rules.
  • Voluntary or involuntary termination of the covered employee's employment for reasons other than gross misconduct.
  • Reduction in the number of hours worked by the covered employee.
  • Covered employee becomes entitled to Medicare.
  • Divorce or legal separation of the covered employee.
  • Death of the covered employee.

Enrollment

  1. A COBRA notice will be mailed to you within 14 days of notification of your qualifying event.
  2. You must enroll within 60 days of the date you lose current coverage or the postmark date of the COBRA continuation notice, whichever is later.
  3. To ensure that coverage stays active (with no disruption), an employee should make the COBRA election before the end of the month during which the employee's separation date falls.
  4. If elected as outlined in the plan, the employer-paid COBRA benefit will be paid directly from the Company to the COBRA administrator.
  5. To enroll, go to the Best Buy Rewards Site. If you are a first-time user since leaving Best Buy, enter your Social Security Number as your Employee ID and click Register as a New User.

Cost and Payment

To ensure continuing coverage through COBRA, please refer to your personalized COBRA continuation notice from the administrator for the COBRA continuation rates. You may also contact the Benefits Center at 1-866-475-6733.

  • You will have 45 days from the date of your election to make a first payment.
  • Subsequent payments are required by the first day of each month for coverage during that month.
  • Eligibility will not be updated until your payment is received and posted to your account.