Information about COBRA Health Insurance
Articles, News and Information regarding COBRA
Below, you will numerous categories about COBRA, Health Insurance and many other helpful topics. Here at COBRA Help Center, we aim to give you the resources to make sure you are protected against unforeseen health problems. Know one knows what tomorrow may bring, but being insured and knowing what you are protected from can keep you safer, give you peace of mind and also save you financially. Many people today are suffering financial problems because of unforeseen medical bills, being uninsured and so many other preventable calamities. Arm yourself with knowledge, but as always you may call our helpful agents at COBRA Help Center any time. Contact Us anytime!
COBRA, is it right for your situation?
The word COBRA is often used to describe the method of how you get to keep your former employers healths plan after you lose your job or leave employment due to a qualifying event. As discussed in our previous articles, qualifying events encompass a large range of transactions that include, termination, reduction in hours or layoffs to name a few.
Cobra Continuation Assistance under the Act
At Cobra Help Center we get a lot of calls concerning the Cobra premium reductions that where put into place in 2009. These widely know yet misunderstood programs where an attempt to reduce the premium burden on many unemployed individuals. This Federal Government action was an attempt to stem the tide of discontent among the millions of people who were unemployed during the economic down turn. Through this legislation, COBRA premium would be subsidized by up to 65% by reducing the amount the COBRA beneficiary would have to pay each month to their former employer. The former employer would get a tax credit of 65% of the COBRA participant’s actual premium when they filed their payroll tax. It’s like robbing Peter to pay Paul, when in fact, Peter just robed himself. The important part of the entire program to remember is that the premium subsidy is going to come out of the employers pocket so the employer is not really going to be an advocate for your cause. Also, the premium reductions would apply to coverage that began on or after February 17, 2009 and last up to 15 months.
How to continue your group health coverage through many of life’s transitions
Throughout their careers, workers will face multiple life events, job changes, or even job losses. But they do not have to lose their health insurance benefits when they experience these changes.
A law enacted in 1986, the Consolidated Omnibus Budget Reconciliation Act, or COBRA, helps workers and their families keep their group health coverage during times of voluntary or involuntary job loss, reduction in hours worked, transition between jobs, and in certain other cases. The law gives these workers the right to choose to continue group health benefits.
How to continue your group health coverage when “I do” becomes “I don’t”
Mastering COBRA’s divorce rules is nearly as challenging as dividing marital assets and hammering out a visitation schedule. While undoing all those “I Dos”, you need to understand and apply your rights under the Consolidated Omnibus Budget Reconciliation Act of 1986, known as COBRA.
How do I get Continuation Coverage?
Read more: COBRA’s Divorce Rules Protect Your Family’s Health Benefits.
What to do, how to get on it and what to do after
If you’re here, you are most likely either looking to get on Cobra Medical Insurance or your currently on Cobra Medical Insurance and are looking what to do after your Cobra expires. First though, below will explain what COBRA actually is as well as what a former employee should be doing while on COBRA and what can be done after your COBRA runs out.
