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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.
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What is Cobra Health Insurance?
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.
Where can I find more information about Cobra insurance costs?
According to http://healthinsurance.about.com/od/healthinsurancebasics/a/COBRA_basics.htm cobra insurance is available up to 60 days after job loss due to being laid off, and the cost is similar to what you paid for your insurance plan prior to being laid off.
Does Cobra Insurance offer competitive rates?
No, Cobra Insurance does not offer competitive rates.
How long has Cobra Insurance been operating for?
Cobra Insurance has been operating since 2006. Cobra Insurance is a firm of insurance brokers and was formed by a merger in 2006 of two previous companies.
What does cobra health insurance have to offer?
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.
Is pet insurance worth the cost?
Sometimes pet insurance costs more that the pay out. You should gather information about how much you pay per year to your vet and then see if it's worth it to get insurance.
Why would one need cobra health insurance?
There is a lot of controversy as to whether COBRA Health Insurance is worth buying. It is a temporary insurance that continues coverage at one's own expense if employer sponsored health benefits have been lost. One can find more information about this insurance as well as the controversy surrounding it on the Bankrate website.
What is the average cost of cobra insurance?
According to this website (http://hr.cch.com/news/benefits/120506.asp): "COBRA costs in the 2006 survey averaged $9,914 per year, 19% higher than two years ago."
Where can I find out more info on cobra insurance?
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.
How much does a cobra cost?
5429 is the cost for the individual . 15073 is for the family. Also there is insurance for unemployment which the cobra insurance pays.
If you retire and have cobra insurance from a previous employer and get a new job with insurance can you still keep your cobra insurance and which insurance is the primary insurance?
COBRA insurance is a guarantee that your health insurance is portable when you leave the job. It is now private insurance where you are paying for it. The cost is probably higher than the employer provided insurance so you would want to look at the 2 carefully and determine which would be most economical. It does not make sense to pay for two policies. If your new job pays for (some of) the insurance dump your COBRA.
How long can I maintain Cobra Insurance after I lose my job?
You can maintain Cobra Insurance for about 18 months. The stimulus package that passed last year also enables greatly reduced fees for continuing health insurance coverage under COBRA.
