0
If you want to know what the purpose of COBRA medical insurance is, it is to protect certain former employees and their needs when thy lose coverage under a group health plan. This is a very useful thing to have.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What does cobra insurance coveage cover?
Cobra insurance coverage covers health and medical needs. They are a health insurance place. They don't cover really anything but medical and health things.
Will medical insurance cover labor and delivery if no longer employed by company?
Try Cobra
How could the subject of cobra medical coverage be turned into a great question for this job?
Cobra medical coverage is very important currently due to the large numbers of people that are unemployed and have no active source of medical insurance.
How can you apply for Cobra medical insurance?
You can apply for Cobra medical insurance from the Department of Labor when a qualifying event entitles you to a claim. Some examples of qualifying events include termination of your employment through no fault of your own or reduction in the number of hours available to work.
What is cobra insurance coverage?
COBRA insurance is for people who had medical insurance under their job and then just lost their job. You have to opt into it if your job offers that ability. You have to pay a larger premium to use the insurance. Everything you need is on; http://www.dol.gov/dol/topic/health-plans/cobra.htm
What is Cobra Health Insurance?
COBRA health insurance provides former employees of the company with health coverage. More information on Cobra Health Insurance can be found at the cobra government webpage.
Can an employer drop health insurance after terminating you while on medical leave and not inform you?
They must notify you of your COBRA rights.
Does Cobra Insurance offer competitive rates?
No, Cobra Insurance does not offer competitive rates.
How long has Cobra Insurance been operating for?
Cobra Insurance has been operating since 2006. Cobra Insurance is a firm of insurance brokers and was formed by a merger in 2006 of two previous companies.
What happens to your medical insurance if you lose your job?
If you are covered by your employer and you leave your job or lose your job, your employer must offer you COBRA, which is a continuation of your medical benefits. Normally, you can stay on a COBRA plan for up to 36 months. Once you are no longer employed by your company, the medical benefits contributions will no longer apply, meaning you will have to pay the full cost of medical insurance yourself to the medical plan. The cost per month can vary, but will be clearly listed on your COBRA letter which outlines this service. You will receive your COBRA letter shortly after your last day of employment. If your employer has fewer then 20 employees, the US Labor Department will not enforce COBRA. If your employer does nothing, you are out of luck.
What does the medical abbreviation COBRA mean?
COBRA stands for Consolidated Omnibus Reconciliatiuon Act. In medical terms, it usually refers to health insurance coverage that an ex-employee may buy in order to continue coverage after the employee leaves the job.
Where can someone get medical insurance if they are self employed?
Many people receive medical insurance through their place of work. For those that are self employed it can be obtained through an ex-employers plan, COBRA, or utilizing a spouses plan.
