yes
we should see wether the employee has any cobra benifits....
COBRA health insurance provides former employees of the company with health coverage. More information on Cobra Health Insurance can be found at the cobra government webpage.
COBRA stands for Consolidated Omnibus Reconciliatiuon Act. In medical terms, it usually refers to health insurance coverage that an ex-employee may buy in order to continue coverage after the employee leaves the job.
Under certain circumstances, a separated employee may retain his group health coverage at his own expense. COBRA (Consolidated Omnibus Budget Reconciliation Act) payments are these post-employment health insurance payments.
Cobra insurance coverage covers health and medical needs. They are a health insurance place. They don't cover really anything but medical and health things.
Cobra Health Insurance is relatively cheap compared to that of other insurance companies. However, cobra insurance expires after only eighteen months therefore forcing their customers to find someone else.
If you had an employee covered under a group policy (less than 5), do you have to provide Cobra insurance to the employee until they find other coverage if they leave the company?
Ari Cowan has written: 'Managing COBRA' -- subject(s): Continuation coverage, Health Insurance, Insurance, Health, Law and legislation 'The executive's guide to Health benefits cost management' -- subject(s): Cost control, Employee fringe benefits, Employees, Health Insurance, Insurance, Health, Medical care
The Cobra health insurance temporarily extends the coverage by your sponsor or employer. This implies that you can get it after a loss of a job or loss of benefits.
COBRA health insurance is for people who have health insurance under their job and then suddenly lose their job due to voluntary or involuntary circumstances. It requires you to pay more in premiums. Check out http://www.dol.gov/dol/topic/health-plans/cobra.htm
The best place to find information on Cobra insurance is at their online site at www.cobrainsurance.com. Cobra insurance offers up to 65% off the price of a regular health plan.
Cobra is the health insurance taken by an individual to replace his employer subsidized health insurance while shifting between two jobs, in order to maintain his status of continuous coverage.