How Does Cobra Insurance Work
Cobra stands for the consolidated omnibus budget reconciliation act. Reduce their work hours.
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The 1985 consolidated omnibus reconciliation act or cobra is a law passed by congress that gives workers the option to continue their health insurance should they suddenly become unemployed.
How does cobra insurance work. Cobra which is offered through employers was enacted as an amendment to the employee retirement income security act erisa which established minimum standards for most private business retirement and health plans. Its typically considered to be an accessible and affordable more on that later way to obtain health insurance when in normal circumstances you would not have access to this health care coverage. How does cobra insurance work.
Who pays the bill. Moral of the story. Unfortunately this is usually more expensive under cobra because your employer probably covered part of the premium while you were employed.
It gives employees in certain situations the right to pay premiums for and keep the group health insurance that they would otherwise lose after they. The consolidated omnibus budget reconciliation act cobra is a health insurance program that allows eligible employees and their dependents the continued benefits of health insurance coverage when. In the end cobra insurance is a way for you to extend your health care coverage for a certain period.
In most cases you will be paying your insurance premiums. The exact amount will vary but its often cheaper than purchasing individual health insurance.
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