has anyone heard of cobra insursance? health ins.?

COBRA isn't an insurance company, but is the act which mandated that if you leave an employer, you can take your insurance with you - under certain circumstances.

It is always more expensive than what you were paying as an employee, since the premium is set at 102% of what your employer was paying. Plus you don't have your employer kicking in any portion of the cost. So it can be costly.

However, for some people it is the only way they can remain covered, if they aren't going to another job or are moving out of the work force. You need to compare your COBRA coverage against what else is being offered you to make an informed decision.

Hope this helped!

COBRA is federal legislation allowing an individual to continue his or her health insurance coverage when employment terminates. The employee pays full premium (i.e., without any employer contribution), but can continue coverage under the policy for 18 months, and there are cases in which that period can be extended.

Without knowing when coverage with a subsequent employer will become effective (even if you start a new job right away, often there are 30-60-90 day waiting periods before you become eligible for your new employer's plan), it's always a good idea to continue your health insurance coverage under COBRA. You have 60 days to elect to do so from the termination date. If you were covered as an employee, federal law states that your employer must notify you of COBRA eligibility and premiums within 45 days (I think) of your termination date.

It's also important to consider COBRA if you or your dependents have anything that could be called a pre-existing condition. Payment of claims for treatment of that condition may be denied under a new employer's plan if you let your coverage lapse. Google 'COBRA, pre-existing condition' to get the details.

To begin the process, call your employer's HR department. It's worth it, especially if you have a family.

COBRA stands for the Federal Consolidated Omnibus Budget Reconciliation Act, an amendment to the Employee Retirement Income Security Act (ERISA). When a qualifying event occurs, the Act requires employers to allow former employees, retirees, spouses, former spouses, and dependent children to continue their current health insurance coverage at group rates. Employers who had 20 or more employees on staff for more than 50 percent of their ordinary business days in the prior year, must comply with COBRA.

Cobra is what you can get on if you lose your benefits that you had when you had a job. They can't leave you high and dry, so Cobra steps in to cover you. They are pretty good, but kinda spendy. Take care!

Let's say your dad gets health insurence from his job, well youcan use it for free untill your 25, then you have to find your own insurence, or you have to use cobra insurence from your dad's company. However it cost about 500 dollars a month so most people don't use it.

cobra is for when you are no longer employed somewhere but you still want to keep the insurance but you have to pay the full amount of it. like at my company they pay 80/20 and so if i was fired i could opt to keep it for a certain amount of time but pay the full 100%. i think there may be other instances as well though

Yes. Cobra is health insurance you get for a fixed amount of time when you are unemployed. It's very expensive ..... what health insurance isn't?

You can pick up COBRA coverage when you lose your employee benefits. It costs an arm and a leg, but, it saved me when I was refused maternity leave.

Yes it is a very expensive insurance company that is usually offered someon who is switching jobs and needs coverage for that 90 day period..

Yes it's a rip off!! They aren't a ligigt comapny