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.
Now, there are more options under the Affordable Care Act (ACA). But if you really want to keep your employer-sponsored coverage, COBRA lets you do that for up to 18 months, and your spouse and dependents in some cases can stay covered for up to three years. You can elect COBRA for you and your family if you otherwise would lose coverage because: You quit your job.