Sentences with phrase «of cobra coverage»

One of the benefits of COBRA coverage is that it allows you to continue health coverage for your spouse and dependents, whereas Medicare only covers your own health care needs.

The duration of COBRA coverage is limited, usually up to 18 months.

Not exact matches

Since COBRA does not kick in automatically, your child must apply for coverage (and should do so quickly, since time of eligibility is limited).

The Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions require group health plans to provide a temporary continuation of group health coverage that otherwise might be terminated.

Assuming your employer is large enough to be subjected to COBRA requirements, following the termination of your relationship, and termination from coverage under the plan, your partner would receive a COBRA offer from the plan.

Worse, if your employer went out of business or no longer carries a group health plan, you may not be eligible for COBRA coverage.

If you are recently out of work and without coverage, you may want to consider purchasing COBRA insurance coverage for you and your family or even catastrophic health insurance coverage until you can hopefully receive coverage through a group plan with an employer.

I have 2 months of COBRA premium coverage courtesy of my former employer before I'm on my own.

Of course, depending on the situation, it's also important to inform laid - off employees about their legal right to file an unemployment claim, as well as continue any health benefits coverage through COBRA.

Until the opening of these healthcare exchanges, the only realistic option was to continue coverage through COBRA.

As companies seek ways to scale back benefits, a term life policy can supplement weak whole life coverage from an employer, or fill a similar gap to that of COBRA insurance should a person become unemployed or lose his benefits.

If you have employer provided health coverage, upon unfortunate termination you may have the option of continuing coverage through COBRA (Consolidated Omnibus Budget Reconciliation Act) with an additional cost.

This type of policy works best if you are without coverage, unemployed, just graduated from college, or are considering COBRA.

COBRA provides coverage for all members of your family, which is very convenient.

If you retire and walk away from your employer - sponsored health plan before you reach age 65 and are eligible for Medicare, you'll have to fill the gap with a private health insurance plan or Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage - both of which can be very costly.

COBRA itself is not a health insurance plan; instead, it is the set of rules that dictates continuing health insurance coverage.

Even if your (former) employer pays your COBRA for a few months as part of a severance agreement, or your best friend's cousin's aunt is making that Blue Cross payment, it's still your responsibility to do so, and if you don't, your coverage is lost.

However, sixty percent of Americans still get healthcare coverage through their employer, and despite the ACA, COBRA is still a vital part of the American healthcare system.

Number of employees not accepting your SHOP coverage offer who are covered by other insurance (like another job plan, a spouse's or another person's coverage, COBRA, the individual and family Health Insurance Marketplace, Medicare, Medicaid, veterans coverage, Indian Health Service coverage, or TRICARE).

Under the stipulations of the «Consolidated Omnibus Budget Reconciliation Act» (COBRA), a law that was passed in 1985, under certain situations «your employer must offer continuation group health care coverage to you and certain family members for 18 to 36 months.»

An employer has thirty days to notify the insurance company of your eligibility for COBRA continuation of benefits, and the insurance company then has fourteen days to provide you with information regarding the costs and benefits of the health care continuation coverage.

If you take advantage of COBRA, the coverage plan you will have is the one you had at the time of the event that triggered your loss of employer health care.

Learn more about COBRA continuation coverage from the Department of Labor in «An Employee's Guide to Health Benefits Under COBRA.»

However, you may be eligible to continue this coverage for 18 months through COBRA continuation coverage if you're willing to pay both your share of the premiums and the part of the premiums your employer had been paying.

The Consolidated Omnibus Budget Reconciliation Act of 1996, known as COBRA, allows you to continue to buy coverage under your employer - provided group health plan.

The consequences of being late paying for COBRA can range from a bit of a hassle to permanently losing your COBRA coverage.

So although your special enrollment period will give you the option of enrolling outside the exchange if you prefer, you can't get a subsidy to help pay for health insurance not purchased through your exchange (that includes COBRA; if you opt to keep your coverage via COBRA, you'll have to pay the full premium yourself).

If you lose your workplace health insurance due to a lay - off, divorce or death of a spouse, or other qualifying event, you can temporarily continue your employer - sponsored health plan coverage through a federal law known as COBRA.

But, to take advantage of the subsidy, you'll have to forgo your COBRA coverage and enroll in an Obamacare plan through the health insurance exchange during your 60 - day special enrollment period.

And COBRA sets the period of time that coverage may be continued (18 months for the first two contingencies, 36 months for the remaining 4).

This initial COBRA premium payment will be larger than subsequent monthly payments since it usually covers more than one month of health insurance coverage.

Your Initial COBRA premium must be paid within 45 days of the time you elect COBRA coverage.

For example, if you lose coverage on May 1 and mail your COBRA election form on June 15, your initial premium must be paid within 45 days of June 15.

Usually those who do not have access to Group Health coverage sponsored by employer (people who are self - employed, leave their job or start another job that does not provide adequate health insurance, or those who run out of COBRA benefits) and do not qualify for public programs, have to buy Individual Health Insurance coverage.

And although HIPAA protections did not extend to private individual market coverage, some states had adopted regulations that allowed HIPAA - eligible individuals to purchase guaranteed issue coverage in the individual market (HIPAA - eligible means that the person had at least 18 months of creditable coverage without a gap of more than 63 days, and the most recent creditable coverage was under an employer - sponsored plan, a government plan, or a church plan; also, the individual must have exhausted COBRA if it was available, and can't be eligible for Medicare or Medicaid).

Continuing your comprehensive health plan with COBRA coverage can be preemptively expensive and is only a short - term fix in the best of circumstances.

Worse, if your employer went out of business or no longer carries a group health plan, you may not be eligible for COBRA coverage.

Some coverage allows «COBRA» type options, where you can continue the group policy for a period of time after leaving the employer, or converting it to individual coverage.

Individuals may need to apply for COBRA coverage first then wait until the end of the coverage period before obtaining a conversion policy.

COBRA coverage was simply unavailable to the vast majority of Americans who qualified for it because of cost.

With high, lingering unemployment (11.0 % as of March, 2010), many Alabama families have been forced off their employer - based health coverage and have found themselves unable to afford an extension of health benefits through the COBRA health insurance program.

Also, if you have problems getting health insurance — for instance, if you just lost your COBRA coverage you had from your old job — talk to an agent about how to make up the difference in your budget by reducing the cost of your other coverages.

COBRA premiums can make the continuation of existing health coverage impractical, especially if the federal government doesn't reinstate subsidies that provide for 65 % of these premium costs.

Among the Department of Labor's top 20 requests are information on COBRA health insurance continuation coverage, the Family Medical Leave Act benefits, United States employment statistics, health plans, minimum wage and unemployment insurance.

LESSON TO LEARN: If you are in danger of losing your employer - provided health care coverage, you are likely able to take advantage of the federal COBRA law, which provides a mechanism to obtain health care coverage continuation.

Blog» «To be eligible for COBRA coverage, must I be on my employer's medical plan for any certain period of time?»

After this period of time, you may be eligible for COBRA, which is a federal program that may allow you to continue group - plan coverage for up to 18 months and in some situations as long as 36 months.

If you do not qualify for continued coverage under state law, you may qualify for continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

With the high cost of COBRA for the spouse who does not have their own health care insurance, some parties are better served by waiting until the unemployed spouse has achieved coverage through their new employer to complete the divorce process.

The option of continuing with coverage in the same manner received during the marriage can be a great relief — The option of continuing coverage without incurring the substantially increased fees COBRA requires can augment the relief considerably.