Wha is cobra insurance?

There is no such thing as "COBRA Insurance." COBRA is a law that allows you to continue your coverage from your employer. When you pay for it, though, your employer is no longer contributing to the actual cost of your health plan which is why people think "COBRA is expensive." It's not expensive. Group health insurance is expensive.

COBRA is a regulation that demands companies to grant you the possibility to proceed your enterprise well being care at your person fee for as much as 18 months after leaving the pastime. because you're able to pay the full fee of the coverage top classification, that's often very high priced, although, area of the February ARRA (Stimulus invoice), says which you basically could pay 35% of the conventional COBRA top classification and your former enterprise could seek for repayment from the gov't for the version. that's ideal to everybody laid off between 9/a million/08 and 12/31/09. call your former enterprise's HR/income person and ask approximately it.

Cobra insurance is continuation coverage of your old health plan. But you must lose coverage first, to go onto COBRA. Most people qualify if their employer had a company health insurance plan.

Contrary to popular opinion, it is not a type of insurance. It is insurance that you originally got from an employer, but stopped getting from the employer, and paid money to continue getting at your own expense after you stopped getting it from the employer.

It isn't actually insurance. It's a law, that allows you to CONTINUE on your employer's health insurance plan, for up to 18 more months, at YOUR cost.

Some employers are exempt. And, of course, if your employer stops carrying health insurance, there's nothing to continue.

Consolidation Omnibus Benefits Reconcilliation Act

It's a temporary Insurance if you lose yours (job loss) It's pretty expensive.

It's a kind of health insurance that covers you when you are laid off from a job that provides insurance.