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.
COBRA requires that an Election be made within 60 days from the date of RECEIPT of the notice. The initial premium is due 45-days from the date of election. Both elections and premiums are considered made on the day the form is sent. A verbal election should be treated as an election as long as the form is received within a specified deadline.