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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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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 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.
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.
What is COBRA?
Cobra stands for the Consolidated Omnibus Budget Reconciliation Act which allows an extension of insurance benefits to qualified individual and families. The cobra venom is used to make anti snakebite vaccine in medicine.
Benefiting From COBRA Insurance Coverage?
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. ������
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.
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.
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.
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.
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.
