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.
The protection generally lasts up to 18 months, and you must opt for Cobra within 60 days of losing your job or of receiving formal notification that you are eligible for the program, whichever is later. The statute includes only companies with 20 or more employees that are continuing to offer a health plan.