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Benefits of Cobra Insurance

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Anonymous

14y ago
Updated: 9/16/2019

Cobra is health insurance that covers you for a brief time. For example, if you leave one job and don't start another for several months, Cobra would cover you during the time between jobs. Cobra is fairly expensive, but will save you money in the long run because it prevents a lapse in coverage. Health insurers give preference to individuals who have been covered continuously. Cobra will prevent your next insurer from attaching a pre-existing condition clause to your policy. This clause allows them to deny treatment for any condition you had before their policy became effective.

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Wiki User

14y ago

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Related Questions

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.


Does COBRA coverage apply to dental and vision benefits?

COBRA coverage typically does not include dental and vision benefits. It usually only applies to health insurance plans.


What are the eligible benefits for Cobra coverage?

COBRA coverage allows individuals to continue their employer-sponsored health insurance for a limited time after leaving a job. The eligible benefits for COBRA coverage include the same health insurance coverage as when employed, but the individual is responsible for paying the full premium.


What are the benefits of having cobra eye insurance coverage?

Cobra eye insurance coverage provides benefits such as access to vision care services, including eye exams, glasses, and contact lenses. It can help individuals maintain their eye health and address any vision problems that may arise.


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 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.


What are the benefits and coverage options available under cobra plans?

COBRA plans provide continuation of health insurance coverage for a limited time after leaving a job. The benefits include maintaining the same coverage as before, but at a higher cost. Coverage options typically include medical, dental, and vision insurance.


What if the cobra insurance coverage is better than the new employer's insurance, can I still keep the cobra coverage?

If the COBRA insurance coverage is better than the new employer's insurance, you may choose to keep the COBRA coverage instead of enrolling in the new employer's insurance.


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.


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.