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COBRA Health Insurance
COBRA Health Insurance
If you or you husband (if you are covered under their plan) lose your job, because of being fired, laid off,
etc. - you can get insurance through COBRA. COBRA stand for 'Consolidated Omnibus Budget Reduction Act of 1985'.
It is a plan that gives you health insurance coverage under certain circumstances.
First, the place you work at has to have at least 20 or more people working there. In a few other states though, you
can still get COBRA coverage because of laws in those states that require in it smaller companies too. It is also
a law that an employer has to let you know if you can be covered under COBRA.
To be able to get this coverage to have to either be fired (as long as it wasn't for gross misconduct), get laid off,
divorced from a spouse that was covered, your work hours get reduced enough, you get disabled, are eligible for
Medicare, or the spouse that was covered dies.
If become eligible for it, your employer has to notify you in writing. At that point you have 60 days to decide
if you want to be covered under COBRA or not.
COBRA coverage isn't free, but it is generally less than buying your own individual health insurance plan. And
is a lot better than having no coverage at all!
You can only get coverage under COBRA for a certain period of time too. Usually between 18 and 36 months. You will
have to read all the information supplied by your employer to see actually how long you can be covered.
Also, COBRA coverage may end if you terminate it, you are over 30 days late in making a payment, you get
covered by another plan, including Medicare or if the company stops offering a group health plan to anyone.
It is not considered advisable to get temporary health insurance when you are between jobs if you
could get COBRA instead. COBRA may cost a bit more, but should cover any preexisting conditions, if you
Another nice thing about COBRA is that you can keep your same doctors that you had before, which is important
since the events that would allow you to get COBRA coverage tend to be stressful ones - keeping the same
doctors at least keeps something stable in your life.
In any case, you should check with your employer, or your spouse employer, to learn the details of what
is and isn't available through COBRA.