http://www.staysmartstayhealthy.com COBRA allows you to continue your healthcare coverage for up to 18 months. With COBRA certain people with a disability are allowed 11 additional months. And, even if you choose not to extend your health insurance coverage immediately after you leave your job, you have a grace period in which you can still enroll.
Todays question: What is COBRA and how does it work?
The simple answer is: Its an opportunity to continue your employer-sponsored health insurance when you lose your job.
So, COBRA isnt the venomous, yet charming snake.
Under federal law, COBRA gives you the right to temporarily continue purchasing the group health insurance you had at work when you leave your job due to a qualifying event.
COBRA stands for Consolidated Omnibus Budget Reconciliation Act - which explains why they call it COBRA.
It applies if your company's group health plan covers 20 or more workers, and in instances of a qualifying event.
These events include having your hours cut, ...
