11:34 AM
John Kumar
09 Apr
Posted by: Cobra Help Center in: COBRA Health InsuranceIf 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!
A COBRA health insurance policy allows a former employee to continue the coverage they were receiving before being fired. This coverage cover both the former employee as well as any and all dependents including: spouses, former spouses due to death of employee or divorce, and all dependent children. COBRA is only available though if the formerly covered employee was not fired for gross misconduct and meets the qualifying events.
COBRA is useful in many situations, as long as it is the right tool for the job. If you lose your job and are planning on getting a new job that has a health insurance plan or going on Medicare, COBRA can help bridge the gap until the new policy takes place. If your new employer has a 12 month waiting period on any pre-existing conditions, COBRA can help again with bridging the gap and covering those pre-existing medical conditions as they were before. If your retiring or wont be getting a new group plan within the next 18 months, or your COBRA will expire before a new group plan takes effect, going on and running the full 18 months on your COBRA will qualify you for the ability to go on a individual health policy for you and your family without ANY pre-existing health condition waivers or exclusions.
Depending on your situation, COBRA can be used in many different situations for many different people. If you are in good health, have no pre-existing conditions and no medical problems, staying on COBRA is costing you more. No matter what your situation, Cobra Help Center can help you utilize COBRA in the right way, and for the right situations.
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