If you're new here, you may want to subscribe to the RSS feed to keep up to date on all new posts and information. If your COBRA is within 63 days of expiring, your ability to get guaranteed major medical insurance is running out! Contact Cobra Help Center today!

COBRA is not a Health Insurance Plan unto its self. COBRA is the right you have, as a former employee to a company with 20 or more other employees, to continue your medical insurance for as long as 18 months (or more in certain conditions). The former employee is allowed to keep this coverage with a no pre-existing conditions waiver, which is key for those with very expensive diseases such as cancer, diabetes or others.

The catch? You must pay for this coverage at 100% of its cost. Those on COBRA pay the premium from their own pockets. Cobra is some cases though can be less then individual health coverage. Those who have ANY pre-existing conditions though, this is definitely the best option, as while you are on COBRA these conditions will still be covered at the rate they were while you were employed.

Similar Insurance Topics:

1. What does a COBRA Health Plan provide? A COBRA health insurance policy allows a former employee to...
2. The Cost of COBRA is Relative Measuring the cost of health insurance can be an eye-opening...
3. Individual Health Plans Vs. Cobra Health Insurance COBRA (The Consolidated Omnibus Budget Reconciliation Act) was passed in...
4. Qualifying Events: Employees To be eligible for COBRA, you as a employee must...
5. How to Keep a Low Cost Health Insurance Plan You parents have been telling it to you since you...