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Over the past few years, the rate of unemployment has increased dramatically. For many people, this has meant no longer having access to affordable medical insurance.� To help keep coverage temporarily, most people could benefit by taking advantage of COBRA insurance coverage.
�COBRA insurance coverage is a form of coverage, which is sponsored by the government, and allows a person to retain their insurance benefits even after they have lost their employment.� These benefits can last for over a year, but will typically require a person to spend much more out of pocket than they would have while still employed.
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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.
When would you be able to get Cobra health insurance coverage?
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.
What type of coverage does Cobra Insurance offer?
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.
Have colon cancer, getting chemo and employer dropped insurance coverage and COBRA is $700/month.?
“Have colon cancer, getting chemo and employer dropped insurance coverage and COBRA is $700/month.”
If I have primary insurance through my work and had secondary through my husband's work but he was laid off can I still use Cobra as a secondary insurance or is Cobra only if you have no insurance?
That would depend on if your spouse's coverage is group or individual coverage. If it is group coverage offered by your spouse's employer then NO. Cobra regulations specifically say that you are not eligible if you have other employer sponsored group coverage with one exception. That is if the other coverage includes any pre-exisitng conditions clause that would deny you coverage for that illness/injury. If you have no pre-existing conditions or the pre-ex caluse does not relate to you (ie. pregnancy is a pre-ex but you are not pregnant) then you are not eligible. If the spouse's coverage is individual coverage and not group you are still eligible for Cobra.
Your divorce decree provides your exwife with insurance but not with COBRA coverage in the event that your insurance does not provide regular coverage What does this mean?
Poor grammar. It means nothing.
What does cobra insurance coveage cover?
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.
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.
Where can one find information about COBRA coverage?
There are many companies and websites that offer information on COBRA life insurance coverage. The most reliable website to use for information is the US Department of Labor.
How can you continue getting insurance coverage for the pre-existing condition of terminal cancer after a divorce if the policy is in your husband's name?
the first way to do this is to obtain COBRA coverage. When your divorce became final, your ex-spouse was able to drop your coverage. Federal law is that all insureds can continue coverage with COBRA. Your insurance company or ex-spouse's employer should have sent you paperwork explaining what your rights are. But be aware, with COBRA, you are paying the full premium for the continued coverage.
How could the subject of cobra medical coverage be turned into a great question for this job?
Cobra medical coverage is very important currently due to the large numbers of people that are unemployed and have no active source of medical insurance.
What medical insurance options are there for children after the death of a working parent?
If the child and/or the estate has the funds to pay for the coverage the child can apply for individual coverage or take Cobra coverage. Even though the employee has passed any other family members on the plan at the time are eligible for Cobra coverage.
