When to Elect COBRA

18 Mar

Posted by: Cobra Help Center in: COBRA Health Insurance

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In today’s economy, more and more individuals are being confronted with a decision to enact their COBRA Health Insurance benefit. In an economic climate filled with rising unemployment, loss of income due to loss of work hours and employment transition, this important decision is impacting more and more individuals and families.

Qualified employees, their spouses and dependents who have undergone a COBRA qualifying event need to reach this decision within 60 days after the event has occurred. These events usually mean a time of change has arrived. This is not a time to be without health insurance. Indeed, this is a time to get good advice and make sure all COBRA benefits and procedures are properly explained. COBRA qualified beneficiaries should contact COBRA professionals at the COBRA Help Center to discuss the advantages, policies and steps needed to maintain health insurance.

For an employee, a qualifying event is the voluntary or involuntary termination of employment for any reason other than gross misconduct. Reduction in working hours is also considered a qualifying event for employees.

For spouses, qualifying events are the voluntary or involuntary loss of the employee’s employment, a reduction in work hours, divorce or legal separation from the policyholder, death of the policyholder and the policyholder’s eligibility for Medicare.

For dependent children, a change in the dependent status under the guidelines of the health insurance plan, the voluntary or involuntary loss of employment by the policy holder, a reduction in work hours for the policyholder, a divorce or legal separation for the policyholder, the death of the policyholder or the policyholder’s enactment of Medicare benefits are all qualifying events for COBRA Health Insurance.

Contact Cobra Help Center today and put your mind at rest. Health insurance with pre-existing condition coverage is available and COBRA may very well be the solution you and your family needs.

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Posted in: COBRA,Elect