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COBRA is a law that requires an employer to allow a (former) employee to continue his/her group health insurance after the cessation of employment. The election to enroll in COBRA coverage must be made within a fixed period of time. Upon the cessation of your employment, the employer is required to furnish you with instructions as to how to enroll and information as to the time frame for doing so.
During your employment and participation in the group health insurance plan, the employer paid a part of the premium, and you probably had to pay a portion as well. Under COBRA coverage, you are responsible for paying the entire premium, which will likely be substantially more than your contribution toward the premium during your period of employment.
If you do not enroll in COBRA during the requisite period of time, health insurance coverage will lapse. If that occurs, you will need to seek individual (private) coverage which will be medically underwritten. Whether or not you can obtain it, and the premium for it, will be determined by the insurance company's underwriting guidelines and then-current rates.
What else can I help you with?
Can I elect COBRA for dental coverage only?
No, COBRA only applies to health insurance coverage, not dental coverage.
What does people understand with cobra law?
The COBRA ( Consolidated Omnibus Budget Reconciliation Act) Law gives workers who lose their jobs continued coverage in their former employers group health plan.
What is Cobra Health Insurance?
COBRA health insurance provides former employees of the company with health coverage. More information on Cobra Health Insurance can be found at the cobra government webpage.
Does my employer have to offer COBRA coverage?
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.
When would you be able to get Cobra health insurance coverage?
The Cobra health insurance temporarily extends the coverage by your sponsor or employer. This implies that you can get it after a loss of a job or loss of benefits.
What are the eligible benefits for Cobra coverage?
COBRA coverage allows individuals to continue their employer-sponsored health insurance for a limited time after leaving a job. The eligible benefits for COBRA coverage include the same health insurance coverage as when employed, but the individual is responsible for paying the full premium.
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.
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.
How can I maintain coverage with Cobra health insurance while transitioning between jobs?
To maintain coverage with Cobra health insurance while transitioning between jobs, you can continue paying the premiums directly to the insurance provider. This will ensure that you have continuous health insurance coverage during the job transition period.
What type of coverage does Cobra Insurance offer?
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.
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.
