To counter that, the VA institutes higher loan limits in costlier counties, basically increasing the amount qualified borrowers can get without having to put money down. So, for example, in San Diego County in California, the VA loan limit for 2015 is $562,350. In Frederick County, Md., the limit is $625,500.
Retiree-only health plans are still subject to COBRAâs requirements, however, because COBRA does not. include a specific exception for such plans, even when they are separate from an active employee plan. Instead, from a COBRA perspective, the key issue is whether there is (a) a group health plan, (b) maintained. by, (c) an employer.
For example, if a 25-year-old child is eligible for COBRA due to his motherâs employment termination, he can receive 18 months of coverage. However, on his 26th birthday just 12 months later, he has a second qualifying event â loss of dependent status. In this scenario, he becomes eligible for 36 months of coverage. 9.