More Article Categories Internet Red Tag Sales Great EBooks And Software At The CBMall Submit Your Article
Below This Article Are Related Videos And Other Information!!
What If I Leave My Job
What if I leave my job?
The Consolidated Omnibus Budget Reconciliation Act (COBRA), a law created in 1986, gives workers (and members of their family) who lose their health insurance benefits the right continue their group health insurance for a limited period of time under circumstances such as voluntary or involuntary job loss, reduction in hours, transition between jobs, divorce, adoption and death.
Generally, the employee pays up to 102% of the premium cost for the same policy; this is still usually less expensive than buying an individual insurance policy.
There are three basic aspects for qualifying for COBRA: the qualifying event, the insurance plan coverage and the qualified person.
Each aspect is taken into consideration when applying for COBRA and you must elect to either apply for COBRA or waive your rights to COBRA within 14 days after a qualifying event.
You must also have been in the group insurance plan during your employment to be eligible. Although there are exceptions, generally you may continue to pay your own premiums to keep COBRA coverage intact for up to 18 months.
Companies who have fewer than 20 employees, State or Federal employers or employee organizations may not offer COBRA coverage.
Check with your health insurance administrator to see if you may qualify. You may also have this information readily available in your group health insurance policy or in your company handbook.
Although it may be expensive, the cost of being able to keep your group insurance coverage rate may be well worth it.
More Articles
Prescription Insurance Policies
Getting The Most Benefit From Your Policy
The Importance Of Keeping Good Files
Products And Downloads
eBay Auctions
Individual Health Insurance For Dummies By Kathleen A/ Dobie; New; Paper Back
 | US $1.00 (0 Bid) End Date: Thursday Feb-09-2012 15:34:17 PST Buy It Now for only: US $5.00 Bid now | Buy it now | Add to watch list |
Kaplan Life, Accident, And Health Insurance Exam Manual
 | US $20.00 (0 Bid) End Date: Thursday Feb-09-2012 15:53:59 PST Buy It Now for only: US $32.00 Bid now | Buy it now | Add to watch list |
Understanding Health Insurance: A Guide To Professional Billing By Jo Ann C....
 | US $4.99 (0 Bid) End Date: Thursday Feb-09-2012 18:22:46 PST Bid now | Add to watch list |
Examfx Pass Package Pa Life And Health Insurance
 | US $90.00 End Date: Thursday Feb-09-2012 18:58:49 PST Buy It Now for only: US $90.00 Buy it now | Add to watch list |
1930s 1950s Two Metropolitan Life Insurance Health Booklets
 | US $9.95 End Date: Thursday Feb-09-2012 19:16:03 PST Buy It Now for only: US $9.95 Buy it now | Add to watch list |
1962 Blue Cross Health Insurance Vintage Art Ad
 | US $9.99 End Date: Thursday Feb-09-2012 22:21:17 PST Buy It Now for only: US $9.99 Buy it now | Add to watch list |
Lives At Risk: Single-payer National Health Insurance
 | US $4.39 End Date: Thursday Feb-09-2012 23:01:23 PST Buy It Now for only: US $4.39 Buy it now | Add to watch list |
War And Health Insurance Policy In Japan And The United
 | US $92.34 End Date: Friday Feb-10-2012 3:50:47 PST Buy It Now for only: US $92.34 Buy it now | Add to watch list |
Vintage Health Insurance Ad Ballpoint Pen
 | US $24.99 End Date: Friday Feb-10-2012 5:15:43 PST Buy It Now for only: US $24.99 Buy it now | Add to watch list |
State Children's Health Insurance Program (schip): ...
 | US $45.95 End Date: Friday Feb-10-2012 5:38:15 PST Buy It Now for only: US $45.95 Buy it now | Add to watch list |
More Articles And Free Videos
... although you certainly can; you can withdraw funds under the same conditions as a regular IRA. Although you will be penalized if you use the funds for non-medical expenses prior to age 65, you can use the money for vision care, alternative medicine or treatment and dental care. For 2008, an individual ...
... you be out of work due to injury for up to one year. Some employers pay for this benefit for their employees, some offer it for employees to purchase. If you have a pre-existing medical condition, the time to enroll is during the initial enrollment period when a medical exam is not required. Replacement ...
... $300 premium per month for family coverage, and your deductible might be $250 per person, which means if you fell and broke your ankle and went to the hospital emergency room, you would be required to pay the first $250 of the bill. You can purchase very basic catastrophic coverage, which would carry ...
Getting The Most Benefit From Your Policy
... membership, nutritional counseling or plans to stop smoking. If you were trying to lose weight and knew that you could get these services at no cost, wouldn t you take advantage of them? If you wanted to quit smoking, wouldn t it be beneficial to know that you could get the patch for free? It is very ...
The Importance Of Keeping Good Files
... receive a statement from your insurance company showing what portion of the bill they paid, and many times providers write off the remainder, if it is not a large sum. If you visit several doctors, you may want to have a file folder for each doctor or provider. Insurance companies do occasionally make ...