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COBRA health insurance laws are complex. However, from what I gather, certain individuals are eligible to receive a reduction in their premium payments. You can find some more information in the link below. I would definitely consult an expert in COBRA law about your specific circumstance.
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∙ 13y ago
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Does a group health insurance co9mpany have to cover you if you leave your job?
In general, if the employer has more than 20 employees, it is subject to COBRA laws. Part of that involves, if employment terminates for one of several reasons, currently including voluntary quitting, COBRA insurance continuation benefits must be offered.
Do you have to get ex COBRA after divorce if final papers state to only cover children on health insurance?
This is really a legal question for your divorce lawyer to answer. It depends on the actual wording of the divorce papers and how your lawyer structured the medical insurance coverage portion of the divorce. Cobra is simply a (very expensive) continuation of an employer group plan when you lose your job that provides medical coverage until you get a new job or you get an individual health plan outside of an employer.
What is the purpose of COBRA medical insurance?
If you want to know what the purpose of COBRA medical insurance is, it is to protect certain former employees and their needs when thy lose coverage under a group health plan. This is a very useful thing to have.
What is a cobra payment?
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.
I am a General Motors retiree. Where can I get a policy since I lost my coverage?
Cobra law requires an employer if there is more than 20 employees to provide you with the continuation of the group health policy. You will have to contact GM about this.
What happens to the wife's insurance on her husbands group policy of 9 employees if her husband leaves the company or dies?
If the husband leaves the company, the wife's insurance on the husband's group policy will typically terminate. However, she may be eligible for COBRA coverage, which allows her to continue the same insurance coverage for a limited period of time by paying the premium herself. If the husband dies, the wife may also be eligible for COBRA coverage, but it would depend on the specific terms and conditions of the group policy.
Where can one find affordable health insurance for self employed people?
There are ways to find affordable health insurance for the self-employed, including spouse's plan, the COBRA Act, joining a professional group, purchasing a policy, and setting a small business group plan.
How do you maintain health insurance coverage for your wife and son after you turn 65 and are eligible for Medicare?
Where you covered under an Employer Group or Individual Plan? If Employer Group - they would be eligible for COBRA - If Individual - then just tell the Insurance Company to take you off.
How can group health insurance policy benefit me?
Group health insurance is beneficial because it is cheaper then individual insurance. Group health insurance also offers plans to protect you from more things for a better price.
Where are the headquarters of the Health Group Insurance?
There are no companies termed specifically "Health Group Insurance." A company that closely matches "Health Group Insurance" is the United Health Group based in Minnetonka, Minnesota. They were founded in 1977 and their current CEO is Stephen Hemsley.
You are looking to buy an individual health plan what are the options?
You can continue with your employer's group insurance through COBRA if it was offered. Otherwise, check online and get some quotes from some companies.
What are the COBRA insurance costs, and is it worth it?
Millions of people in America are insured by their employers because of group health insurance benefits that are provided at the time of employment. At the same time, there are many cases where the person loses health insurance benefits provided by the company. Ideally, when their services are terminated or when the company goes bust. In such a case the best option is to go for COBRA. It is an acronym for Consolidated Omnibus Budget Reconciliation Act, which provides insurance to employees that have been terminated.
