Does a Cobra Cover ?

Posted: Mon Jun 25, 2007 05:39 am Post Subject:

Spouses and dependent children of the retired employees are also covered under COBRA. They can continue with the health coverage when it is lost due to specific reasons.

Posted: Mon Jun 25, 2007 05:43 am Post Subject:

COBRA allows the retired employees and their dependents to continue with the coverages if they can't avail any other health insurance plans immediately. It is also less expensive than any individual health plans. Thanks

Posted: Mon Jun 25, 2007 05:47 am Post Subject:

This law generally covers health plan maintained by private sector employees with 20 or more employees, state or local governments. The retired employees and his dependent may be the qualified beneficiaries. This is less expensive compared to the other health policies.

Posted: Mon Jun 25, 2007 05:56 am Post Subject:

hi,
Consolidated Omnibus Budget Reconciliation Act (COBRA) provides protection to you, your spouse and children when you no longer can avail the group health insurance plan offered by your employer. COBRA allows you to temporarily continue with your employer's health plan when you lose job or change employer or get divorced. The tenure of the coverage ranges from 18 to 36 months depending on your situation.

You can get more information about COBRA in the following link :
http://www.ampminsure.org/criteria.html

Regards,
Juanita

Posted: Mon Jun 25, 2007 09:00 am Post Subject:

You normally have a 60 days period to apply for COBRA. To qualify for COBRA, you should enroll with your employee's group health insurance plan. Fatman

Posted: Thu Aug 16, 2007 02:31 am Post Subject:

Good question...COBRA can be very confusing. Here's the skinny:

Understand that electing COBRA means that you will stay insured by whatever employer's group policy covered you before COBRA was offered.

Here are some of the basic points:

You have 60 days in most cases to make your decision

There are 3 "continuation periods":
1. 18 months for separation from work or reduction in hours, including laid-off, that makes you ineligible for benefits
2. 29 months for disability (this one's a whole other story)
3. 36 months for "all other", most notably death, divorce and loss of dependent status

The premium will likely be high. You get to pay the entire cost of the employer's premium, and another 2% can be added for admin.

Even though you have 60 days to make up your mind, the premium is almost always retroactive to the last day of the month of employment.

This info is very basic, but COBRA rules aren't really that confusing. Check out the link at the bottoom to get some good info. Hope this helps!

http://www.dol.gov/ebsa/consumer_info_health.html

8) InsTeacher