Cobra insurance allows you to keep your health benefits after losing a job. This is important to maintain consistent coverage, allowing you to avoid problems with pre-existing conditions down the road. Unfortunately, Cobra health insurance is extremely expensive. It's not that the rates are raised, it's simply that your former employer is no longer footing part of the bill.
Many companies choose to pay some part of their employee's health insurance expense. This can range anywhere from 20% of the bill to the full premium. When you are no longer employed by the company they will not continue paying that portion of the premium. It will be passed directly on to you, allowing you to see the full cost of your health care coverage.
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.
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.
Dental insurance is not typically covered under COBRA. COBRA generally only applies to health insurance plans provided by employers with 20 or more employees. Dental insurance is considered a separate benefit and may not be included in COBRA coverage.
When transitioning from a job with employer-provided dental insurance to COBRA continuation coverage, you have the option to continue your dental insurance coverage through COBRA. This allows you to keep the same coverage you had with your employer, but you will be responsible for paying the full premium, which can be expensive. Alternatively, you can explore individual dental insurance plans available in the market to find a more affordable option that meets your needs.
Yes, the insurance is kept but you must pay the full amount your employer paid. If not Cobra insurance will be offered at a very expensive rate.
Health insurance is quite expensive and is best gained via your employer as the cheapest means. For public insurance, there is COBRA. There are other small insurance companies that may have lower rates.
No, Cobra Insurance does not offer competitive rates.
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.
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.
Cobra coverage is not the same as your insurance plan. Cobra is a temporary continuation of your employer-sponsored health insurance after you leave your job, while your insurance plan is the coverage you have while employed.
No.
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.