The Lifecycle of a Butterfly. Butterflies go through a life cycle. A butterfly has four stages in its life cycle. Each stage is different. Each stage also has a different goal. A butterfly becoming an adult is called metamorphosis. The life cycle process can take a month to year.
By law, you have sixty (60) days to elect to continue coverage under COBRA. The sixty day period starts with the later of the postmark date on the letter from TASC in which you were notified of your right to continue coverage or the date that you lost coverage due to a qualifying event.
When you get your COBRA notice from your former employer, it will tell you that you must elect coverage by a certain date. We always recommend if your new coverage hasn't started by that date, elect COBRA, Kinkade says. You now have 45 days from the time you elect COBRA health insurance to make your premium payments. If, in those 45 days, you secure other coverage either through your new employer or somewhere else and you didn't have any health care claims, you simply don't pay your COBRA premium.