Understanding Cobra Insurance
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We are the premier choice for cobra insurance plan alternatives serving the needs of individuals and families throughout the United States. As a leader in providing alternatives to cobra insurance quotes, we are specialized in assisting people who are eligible for cobra or currently enrolled in cobra through a previous employer. Accessing our nationwide network of healthcare providers, we have gathered the necessary information and resources to assist you with learning more about cobra insurance, cobra administration and cobra insurance alternatives.
Cobra Insurance Alternatives & Quotes are Intended for U.S. residents
- Between Jobs, Laid off, On Strike
- Recent College Graduates
- Waiting for Employer Group Coverage
- Temporary or Seasonal Employee
- On Strike, Laid Off or a Terminating Employee
- Dependents that are No Longer Covered on Parent's Plan
Will my employer offer me coverage automatically? You will be notified of your eligibility for COBRA Benefits, but you will also need to elect to participate in the plan.
Once You Qualify to Receive COBRA Benefits:
- Your former employer will have thirty days to notify the COBRA plan administrator.
- The COBRA plan administrator will have fourteen days to notify you of your status.
- You'll have sixty days to decide whether or not you'd like to participate in COBRA.
- If you decide on COBRA coverage, you'll have forty-five days to make your initial payment.
Essential Information on Cobra Insurance
What is COBRA continuation health coverage?
Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. The law amends the Employee Retirement Income Security Act, the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverage that otherwise might be terminated.
What does COBRA do?
COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. This coverage, however, is only available when coverage is lost due to certain specific events. Group health coverage for COBRA participants is usually more expensive than health coverage for active employees, since usually the employer pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves. If you are leaving your employer, cobra insurance is generally much more expensive than what an individual or family coverage might cost. Save now with free quotes! Dental Implant Insurance