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YES - Self Insured plans are subject to federal and Cal-COBRA rules. But it might be helpful to have additional information - how large is the employer group? How recently did the separation of employment occur? If you are part of the HR team at the employer, then possibly you are confused about how to establish a "COBRA RATE" for a self insured plan. Also, did you know that Pres. Obama's Economic Stimulus Package includes a COBRA SUBSIDY for almost every employee that lost a job in the downturn (starting with termination dates of 9/1/08). You can email me if you want additional info. emcclements@barkleyins.com
What else can I help you with?
Are 457b plans insured?
no
What dental insurance plans cover treatments for cobra bites?
Most dental insurance plans do not cover treatments for cobra bites. You may need to look into specialized medical insurance or emergency services for coverage in such situations.
What are the differences between self-funding and fully insured healthcare plans?
Self-funding healthcare plans are when the employer pays for employees' medical claims directly, while fully insured plans involve paying a premium to an insurance company who then covers the cost of medical claims. Self-funding plans offer more control and potential cost savings, but also carry more financial risk, while fully insured plans provide more predictability in costs but less flexibility.
What is the difference between fully insured and self insured health insurance plans?
The main difference between fully insured and self-insured health insurance plans is in how the financial risk is managed. In a fully insured plan, the employer pays a premium to an insurance company, which then assumes the financial risk for providing healthcare coverage. In a self-insured plan, the employer takes on the financial risk and pays for employees' healthcare costs directly, often with the help of a third-party administrator.
What are the key differences between self-funded health plans and fully insured health plans?
Self-funded health plans are funded by the employer, who assumes the financial risk for providing healthcare benefits to employees. Fully insured health plans are purchased from an insurance company, which assumes the financial risk and pays claims on behalf of the employer.
Are 457b plans insured?
no
How can one obtain a quote for Cobra health plans?
COBRA health insurance plans are tailored to your individual needs and circumstances. Quotes can be obtained online directly at their website which also offers more in depth information about their services.
What dental insurance plans cover treatments for cobra bites?
Most dental insurance plans do not cover treatments for cobra bites. You may need to look into specialized medical insurance or emergency services for coverage in such situations.
What are the differences between self-funding and fully insured healthcare plans?
Self-funding healthcare plans are when the employer pays for employees' medical claims directly, while fully insured plans involve paying a premium to an insurance company who then covers the cost of medical claims. Self-funding plans offer more control and potential cost savings, but also carry more financial risk, while fully insured plans provide more predictability in costs but less flexibility.
What is the difference between fully insured and self insured health insurance plans?
The main difference between fully insured and self-insured health insurance plans is in how the financial risk is managed. In a fully insured plan, the employer pays a premium to an insurance company, which then assumes the financial risk for providing healthcare coverage. In a self-insured plan, the employer takes on the financial risk and pays for employees' healthcare costs directly, often with the help of a third-party administrator.
What are the key differences between self-funded health plans and fully insured health plans?
Self-funded health plans are funded by the employer, who assumes the financial risk for providing healthcare benefits to employees. Fully insured health plans are purchased from an insurance company, which assumes the financial risk and pays claims on behalf of the employer.
What are the benefits of self-insured medical plans?
Self-insured medical plans offer benefits such as cost savings, flexibility in plan design, and potential financial rewards for employers. These plans allow companies to have more control over their healthcare expenses and tailor benefits to meet the specific needs of their employees.
What are the differences between self-funded and fully insured health insurance plans?
Self-funded health insurance plans are funded by the employer, who assumes the financial risk for providing healthcare benefits to employees. Fully insured plans are purchased from an insurance company, which assumes the financial risk for providing healthcare 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 benefits of self-insured health plans for small businesses?
Self-insured health plans can benefit small businesses by potentially saving money on premiums, offering more flexibility in plan design, and allowing for better control over healthcare costs.
Is dental insurance covered under COBRA?
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.
What is the difference between a company that is fully insured and one that is self insured?
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
