0
Under the recently enacted federal stimulus package, known as the American Recovery and Reinvestment Act of 2009 (ARRA), certain eligible individuals may be entitled to a 65% reduction in their premium payment.
The qualified person pays 35% of the premium and the insurance carrier receives a tax credit reimbursement for the balance. This reduction only applies to premium payments made after February 16th, 2009 and lasts for a maximum of 9 months. To be eligible for this reduction you must have first been eligible for COBRA between September 1, 2008 and December 31st, 2009 due to involuntary loss of employment during this time period.
What else can I help you with?
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.
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.
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.
Can you keep your Cobra coverage when you get a new job?
Yes, you can keep your Cobra coverage when you get a new job, but you may choose to switch to your new employer's health insurance plan instead.
Can you stay on COBRA after getting a new job?
Yes, you can stay on COBRA after getting a new job, but you may lose eligibility if your new employer offers health insurance benefits.
What if the cobra insurance coverage is better than the new employer's insurance, can I still keep the cobra coverage?
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.
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.
Can I keep my COBRA coverage when I start a new job?
Yes, you can keep your COBRA coverage when you start a new job, but you may choose to switch to your new employer's health insurance plan instead.
If you retire and have cobra insurance from a previous employer and get a new job with insurance can you still keep your cobra insurance and which insurance is the primary insurance?
COBRA insurance is a guarantee that your health insurance is portable when you leave the job. It is now private insurance where you are paying for it. The cost is probably higher than the employer provided insurance so you would want to look at the 2 carefully and determine which would be most economical. It does not make sense to pay for two policies. If your new job pays for (some of) the insurance dump your COBRA.
What are the options for interim health insurance between jobs?
Options for interim health insurance between jobs include COBRA coverage, short-term health insurance plans, and health insurance marketplaces such as Healthcare.gov. These options can provide temporary coverage until you secure a new job with health benefits.
Is there such thing as a certificate of no insurance coverage?
Yes, in order to qualify for the new PCIP insurance program in California, you need to certify that you have not been enrolled in any health insurance program for the past 6 months.Quote: "Have no health insurance coverage for the past 6 months. This means in the last 6 months you were not enrolled in an individual or job-based health plan, including COBRA or Cal-COBRA, or enrolled in Medicare Part A and/or Part B, or in Medicaid/Medi-Cal."
When can you get health insurance subsidies?
While there may be subsidies available from your state, Federal Government subsidies to help qualifying individuals and families afford privately-purchased health insurance won't be broadly available until 2014, according to the new federal health reform laws. Federal subsidies not related to health reform legislation may also be available for qualifying persons who enroll in COBRA health insurance as a result of a lay off. If you are in danger of losing your employer-sponsored health insurance as a result of a lay off occurring between September 1, 2008 and May 31, 2010, talk to you Human Resources department or benefits administrator to find out if you will qualify for COBRA or the subsidy. COBRA is a federal law allowing persons who lose employer-based coverage to continue that coverage at their own expense (without the employer contributing), generally for up to 18 months. The federal COBRA subsidy covers 65% of the monthly COBRA health insurance premium for up to 15 months and is only available to persons who enroll in COBRA as a result of a lay off. Note that the subsidy is not paid directly to you but is provided to the employer or benefits manager to help defray the cost of monthly premiums on your behalf.
