Cobra insurance coverage

Download our free infographic today! Free Quotes From The The Best Carriers In One Simple Form. It protects you and your family if you lose your employer-sponsored health benefits. Workers need to be aware of health care laws that allow them to find or keep the health insurance they can best afford. COBRA is not a health insurance plan.

Health disasters don’t happen according to your insurance status, so you should never have any gaps in coverage.

It also ends if the employer goes out of business or stops offering health insurance benefits to workers. How do you qualify for Cobra health insurance? Who is eligible for Cobra coverage? And trust us, you do not want to have a gap in coverage ! It helps people who lose health insurance because of a change of job. Make sure to pay your premiums promptly.

Photographer: Prometeus I Agency: Dreamstime. Consolidated Omnibus Budget Reconciliation Act ( COBRA) insurance coverage was designed and enacted to provide people with a continuation of their existing health insurance to bridge the gap until their new, permanent coverage becomes effective. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.

and comments provided on COBRAinsurance. The Non-Govt Way to Get the Best Health Insurance. The coverage may not be conditioned on the insurability of a qualified beneficiary. Some pay for their own insurance plans, while others are fortunate to have health insurance through their employers.

But what happens if you leave your job – will you lose your insurance , too? It’s available if you’re already enrolled in an employer-sponsored medical, dental or vision plan, and your company has or more employees. If you or a family member recently left a job with group health insurance , you may be able to continue this coverage by paying the full cost of the insurance.

As shown in the chart below, the length of coverage depends on qualifying event. Apparently, there are qualifications that need to be met – refer to the previous paragraph. A plan, however, may provide longer periods of coverage beyond the maximum period required by law. It provides the option to continue health insurance after you have left a job, provided that the separation was due to a “qualifying event.

If the company stops offering health coverage , your policy goes away with the rest of the plan. You also lose your insurance if you stop paying premiums or do anything that would cost an employee her coverage , such as insurance fraud. Anthem, Kaiser, Unicare and More. It’s shorthand for the law change that required employers to extend temporary group health insurance to departing. But all good things must come to an end.

Acquire new health insurance coverage. Apply Online or Call Now To Save $! You may also see it called continuation coverage.

But there are some guidelines that both employers and their group health plan providers must follow in order to notify employees about their rights regarding COBRA. Employers are required by. Typically, you can buy the health insurance coverage for months after a qualifying event.

Coverage Through COBRA.