What happens if I leave my job?

The Consolidated Omnibus Budget Reconciliation (COBRA), a law was created in 1986, the workers receive (and family members) to lose health insurance benefits the right to continue your group health insurance for a limited period of time under circumstances such as voluntary or involuntary job loss, reduced working hours, transition between jobs, divorce, adoption and death.

Generally pays up to 102% of the premium of the employee costs the same policy; This is generally less expensive to buy individual insurance.

There are three basic aspects for qualifying COBRA: The qualifying tournament of the insurance coverage and the qualified person.

Every aspect is taken in applying the choose COBRA and must apply for either COBRA or you waive your COBRA rights within 14 days after a qualifying tournament.

Also must have been in the group insurance during their employment to be eligible. Although it are exceptions, usually you may still paying your own premium COBRA coverage to keep intact for up to 18 months.

Companies with fewer than 20 employees, Federal employer or employee organizations may not
Offer COBRA coverage.

Call your health insurance administrator, eligibility. You can also use this information readily available in their group health insurance politics or in your company handbook.

Although it may be expensive, the cost for the current keep the rate of insurance group may well be
worth it.