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 lesson: If you're on COBRA when you turn 65, enroll in Medicare during your initial enrollment period. You should drop COBRA, unless you have a spouse who is younger than 65 and covered by the plan. A spouse can continue on COBRA for up to 36 months or until he or she is eligible for Medicare.