Learn More about COBRA Health Insurance

When you have a health insurance cover, you have peace of mind knowing that both you and your family are covered. Employer-Sponsored insurance is always a great option since the employer would pay a portion of the insurance premiums. However, there are circumstances that cause workers to lose their health benefits such as losing your job, reduced worked hours, and other events. However, you can still remain covered for a temporary period.

COBRA health insurance is a law that requires employers to allow employees to keep their health insurance plans for some time after losing or quitting their jobs or having their hours reduced. This is usually the case for employer-sponsored health plans. With COBRA insurance, however, you keep your insurance. However, you will have to pay the entire insurance cost.

Since it can be tricky between jobs, cobra health insuranceallows you to keep your current health insurance plan. This would bring you so much comfort and peace of mind even after your job has been impacted. You would rest assured you and your family have an insurance cover in place.

To qualify for COBRA insurance, there are certain rules. One of the rules is that you must have lost your job or your working hours have been reduced among other things that can cause you to lose your health benefits. If the employers had a group health plan, you would be eligible to continue in the same coverage but pay for your insurance costs. Also, the employer should have not less than 20 employees, otherwise, you would not be eligible for COBRA benefits.

If your group health plan has been affected by a change in your job, you should apply for COBRA health benefits within 60 days. During that period, you need to decide whether to proceed with the employer-sponsored insurance plan. If you choose to continue with the plan, you will have to pay for the insurance yourself. The COBRA coverage will be the same as the employer-sponsored plan. You can also continue with COBRA health insurance for 18 to 36 months depending on what led you to the need for the benefits.  Be sure to click here for more info!

However, COBRA insurance would be expensive since you are paying the entire costs. This will include the portion that was being paid by your employer. At the same time, you have to pay some administrative costs for the benefits. For many people, however, they find it unaffordable. However, a professional can always help you find the best option depending on your situation. Visit this website at https://www.encyclopedia.com/medicine/divisions-diagnostics-and-procedures/medicine/health-insurancefor more info about insurance.