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What acronym describes the federal law that allows you to continue purchasing the medical benefits you received as an employee for up o eighteen months?
COBRA
What options do cobra offer to an employee who has left a company where they were participating in a flexible spending account?
Cobra does not cover FSA's. You will be allowed to continue with the medical plan but the FSA is lost with the job.
What does the medical abbreviation COBRA mean?
COBRA stands for Consolidated Omnibus Reconciliatiuon Act. In medical terms, it usually refers to health insurance coverage that an ex-employee may buy in order to continue coverage after the employee leaves the job.
What acronym describes the federal law that allow you to continue purchasing the medical benefits you received as an employee for up to eighteen months?
COBRA
What does COBRA insurance cover?
COBRA insurance is an ACT from the US government that requires a company to continue coverage for an employee for a duration of time due to loss of employment. Further information and questions can be found at the attached link. http://www.cobrainsurance.com/COBRA_FAQ.htm
How long does an employee have to elect COBRA coverage after experiencing a qualifying event?
An employee has 60 days to elect COBRA coverage after experiencing a qualifying event.
How long does an employer have to offer COBRA coverage to an employee after they experience a qualifying event?
An employer typically has 60 days to offer COBRA coverage to an employee after they experience a qualifying event.
If an employee is terminated due to selling company production secrets how long will the employee's dependents be covered by COBRA?
No coverage
If an employee leaves does the employer have to provide Cobra insurance until they find another insurance company?
If you had an employee covered under a group policy (less than 5), do you have to provide Cobra insurance to the employee until they find other coverage if they leave the company?
What legislation act did COBRA amend?
what legislation act did COBRA amend ERISA Employee Retirement Income Security Act of 1974
Where can one buy a Cobra Extension?
A COBRA Extension is not something that one can purchase. COBRA is a type of health coverage and an extension is something that is allowed in particular cases where there has been a death of the covered employee or a divorce from a covered employee in which case an extension of 18 months of coverage will be allowed.
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.
