Check out the options if you have COBRA insurance coverage at HealthCare, gov. The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that gives workers and their families the right to keep their employer's group health plan after insurance ends due to job loss or changes in immediate family. Individual and family medical and dental insurance plans are insured by Cigna Health and Life Insurance Company (CHLIC), Cigna HealthCare of Arizona, Inc. One way to reduce the cost of your health insurance is to use a temporary health plan, such as short-term or accident-only health insurance.
By asking the right questions about COBRA benefits, Dale and Debra can now choose the best healthcare options for them. If you lose employment-based insurance, your previous employer may offer you continued COBRA coverage. COBRA insurance knowledge base The general insurance information provided on the COBRA Insurance website is not intended to replace informed professional advice from a medical, psychological, tax, legal, investment, accounting, government, or other professional advice. COBRA insurance can provide you with temporary health coverage after you leave your job or because of another qualifying event.
Non-federal employers with more than 20 employees must offer COBRA coverage to those who qualify. It is a federal law created in 1985 that gives people who lose their job or other qualifying event the option of continuing their current health insurance coverage for a limited period of time. Health benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA) Provides a detailed description of the main provisions of COBRA If a medical problem occurs between now and the start of your COBRA insurance coverage, keep receipts and statements from the hospital and clinic. Learn more about when you should continue your health coverage with COBRA or if an affordable temporary medical plan is a better option.
The employer must have 20 or more workers and you must have been on the employer's group health insurance plan for 1 day to meet the eligibility requirements to continue with your most recent primary group health insurance plan. Based on your expected income, you may qualify for subsidies from an individual health plan, which could make it a less expensive option than a COBRA plan. COBRA generally requires that group health plans sponsored by employers with 20 or more employees the previous year offer employees and their families the opportunity for a temporary extension of health coverage (called ongoing coverage) in certain cases where, otherwise, plan coverage would end. .
COBRA is a federal law passed three decades ago to provide families with an insurance safety net between jobs. The COBRA insurance process begins with a qualifying event that would cancel an individual's employer-based health insurance.