Employee COBRA Information

COBRA insurance Basics for former Employees.

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Thank you for your interest in the www.COBRAInsurance.com Fact Sheet.

COBRAInsurance.com is an alternative solution to COBRA. In most cases COBRAInsurance.com will save you 40%-60% on the cost of your COBRA plan offered by your employer.
The Trade Act of 2002 amended COBRA to provide a second 60-day COBRA election period for certain individuals.
What is COBRA continuation health coverage?
Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986.  The law amends the Employee Retirement Income Security Act, the Internal Revenue Code....
COBRA is not an insurance company or provider.COBRA is simply a federal law allowing a continuation of the same benefits you were receiving when you were employed, including pre-existing conditions, only now the entire premium amount is your responsibility, any questions having to do with COBRA coverage should be directed to your ex-employer or the COBRA plan administrator that the employer uses to handle their ex-employees COBRA benefits.
When should you consider an alternative to COBRA and when should you stay on your employers health plan?

Outlines who and what situations make individuals eligible for COBRA insurance.

COBRA Defined:  If you leave your job, or are fired from your position, you are entitled, under federal law, to continue receiving your health benefits. Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), employers with 20 or more employees must give departing employees the option of continuing their health coverage at the worker's own expense (plus an administrative fee) for up to 18 months – including family coverage. Your employer is required to give you COBRA benefits paperwork when you leave your position.

Health insurance is a must for financial security, but many don't have it.
COBRA Questions & Answers
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