0
What else can I help you with?
What is the act created to protect workers and their families so that they can get and maintain health insurance if they change or lose their jobs called?
COBRA
Where can you buy cobra insurance?
When you lose your job, you contact the company where you worked and ask for Cobra information. If you had health insurance with them, they have that information. If they will not give it to you, contact the United States Department of Labor. You can only get Cobra through the company that your last employer uses. That is it.
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.
Can I continue my COBRA coverage with a new job?
Yes, you can continue your COBRA coverage with a new job, but you may lose eligibility if your new employer offers health insurance benefits.
Can you stay on COBRA after getting a new job?
Yes, you can stay on COBRA after getting a new job, but you may lose eligibility if your new employer offers health insurance benefits.
What exactly is cobra health insurance?
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
What happens to your medical insurance if you lose your job?
If you are covered by your employer and you leave your job or lose your job, your employer must offer you COBRA, which is a continuation of your medical benefits. Normally, you can stay on a COBRA plan for up to 36 months. Once you are no longer employed by your company, the medical benefits contributions will no longer apply, meaning you will have to pay the full cost of medical insurance yourself to the medical plan. The cost per month can vary, but will be clearly listed on your COBRA letter which outlines this service. You will receive your COBRA letter shortly after your last day of employment. If your employer has fewer then 20 employees, the US Labor Department will not enforce COBRA. If your employer does nothing, you are out of luck.
Can you be terminated and offered COBRA while on Long Term Disability?
Yes, you can be terminated and offered COBRA (Consolidated Omnibus Budget Reconciliation Act) coverage while on Long Term Disability (LTD). If your employer terminates your employment, you may lose your health insurance coverage, but COBRA allows you to continue that coverage for a limited time, typically up to 18 months, under certain conditions. It's important to review your specific employer's policies and your LTD plan for details on eligibility and coverage options.
Where can someone go to obtain temporary health insurance coverage?
Temporary health insurance coverage can be needed for a few different reasons. One of the most common reasons is losing a job. When you lose a job you can always apply for COBRA coverage.
Will insurance go up from a fifty fifty fault accident?
This will depend on how long you have been with that insurance company. If you have not been with them very long then your rates may increase. If you have been with them a long time your rates might not increase but you may lose a loss-free discount. If you lose the discount your premium will go up but your rates will remain the same.
Do i get a life insurance payout if i lose the job?
No. You will get a payment from the insurance policy if either * You are killed due to an accident or health issues or * You meet with an accident and are permanently disabled As long as you are healthy and alive, you will not get your insurance payout.
If you quit your job and lose your Blue Cross Blue Shield insurance can you simply switch it to an individual plan?
Yes. but you will have to fill out an application and be subjected to underwriting guidelines. You are probably also eligible for COBRA or HIPAA if you can't get an Individual Plan.
