Yes, under federal law, employers with 20 or more employees are generally required to offer COBRA coverage to eligible employees and their dependents when they experience a qualifying event that would result in a loss of health insurance coverage.
An employer typically has 60 days to offer COBRA coverage to an employee after they experience a qualifying event.
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.
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.
Yes, under the Consolidated Omnibus Budget Reconciliation Act (COBRA), employers with 20 or more employees are required to offer COBRA coverage to eligible employees who experience a qualifying event that would result in a loss of health insurance coverage.
Legally? no, your employer has 60 days to mail you information on COBRA policies they offer. Your policy from your employment will terminate 30 business days after your employment ends
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.
Yes, you can stop COBRA coverage at any time by notifying your employer or the COBRA administrator in writing.
Cobra is the health insurance taken by an individual to replace his employer subsidized health insurance while shifting between two jobs, in order to maintain his status of continuous coverage.
After leaving a job, you can obtain COBRA coverage by notifying your employer within 60 days of leaving the job. Your employer will then provide you with information on how to enroll in COBRA coverage, which allows you to continue your employer-sponsored health insurance for a limited time, typically up to 18 months.
“Have colon cancer, getting chemo and employer dropped insurance coverage and COBRA is $700/month.”
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.
Yes, it is possible to end Cobra coverage at any time by notifying the employer or plan administrator in writing.