0
Cobra was passed by former President Reagan in the 1980's. It stands for Consolidated Omnibus Budget Reconciliation Act.
It created "Title X" which allows families that have something happen (death, fired etc.) receive of buy into a federally subsidised healthcare programme. It also punishes employers with more than 20 full-time workers that do not offer some sort of group health plan which workers can buy into when normally employed. It is also used for younger people that are no longer qualify as part of their parent's health plan.
´
What else can I help you with?
Is cobra coverage the same as my insurance plan?
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.
Can an employer cancel your health insurance without offering you a cobra plan in Texas?
Yes, there are several different circumstances where this could happen. If the employer has discontinued the plan entirely, then there is no COBRA coverage to be offered. If the company has fewer than 20 employees, the plan does not have to offer COBRA coverage. If the company is a church, it is not required to offer COBRA. Last, if you were fired from the job for gross misconduct, the employer does not have to offer you COBRA coverage.
How can one avoid paying COBRA?
One way to avoid paying COBRA is to enroll in a new health insurance plan through a different employer or through a private insurance provider before your COBRA coverage begins. This way, you can transition to a new plan without needing to rely on COBRA.
What is Cal-Cobra and how does it work. I don't know where to get information about this and we have only 5 months remaining on Cobra and no job yet.?
Cal-COBRA is a California law for employers as well as people that use up their federal COBRA. When the 18 months of Federal COBRA ends, Cal-COBRA provides 18 more months of the health plan.
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.
Can I stay on COBRA when I get a new job?
Yes, you can stay on COBRA when you get a new job, but you may choose to switch to your new employer's health insurance plan instead.
Is it possible to end Cobra coverage at any time?
Yes, it is possible to end Cobra coverage at any time by notifying the employer or plan administrator in writing.
Can I use COBRA for dental coverage only?
No, COBRA typically does not offer standalone dental coverage. It usually provides continuation of the same health insurance plan you had through your employer, which may include dental coverage as part of the overall plan.
Is a person guaranteed cobra if she is currently under a group plan and may lose coverage since she recently went on part time status or may just quit her job altogether?
If you were in a group plan, they have to offer you COBRA. The catch is you have to pay the premiums.
How does Cobra work if I get a new job?
If you get a new job, you may be eligible to continue your health insurance coverage through COBRA. COBRA allows you to keep the same health insurance plan you had at your previous job, but you will have to pay the full premium yourself.
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.
Is Cobra insurance affordable for someone on a budget?
No, it's not. When you're on COBRA, you have to pay the full group rate for your employer's plan, unsubsidized by your employer, which will usually be hundreds per month.
