COBRA Insurance In The State Of Montana
In Montana, the federal COBRA law applies to businesses with 20 or more employees, requiring them to offer temporary continuation of group health insurance to eligible employees and their dependents. This allows individuals who lose coverage due to job loss, reduced hours, or other qualifying events to maintain their health insurance during a transition period.
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COBRA Eligibility
What Type Of Health Coverage Do You Need In Montana?
Coverage For Pre-Existing Conditions
COBRA
Medicare
Nearing Retirement Age
No State Continuation Coverage in Montana
Montana does not have a state continuation coverage law, often referred to as Mini-COBRA, for employees of small businesses. This means that if you lose your group health insurance due to job loss or reduced hours and your employer has fewer than 20 employees, there is no state-mandated option to continue your existing coverage.
Federal COBRA still applies to employers with 20 or more employees, allowing eligible individuals to continue their group health insurance at their own expense. For those who do not qualify for COBRA, alternatives include enrolling in a plan through federal Health Care exchange, applying for Medicaid if eligible, or seeking coverage through a spouse’s or parent’s plan.
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Health Insurance In Montana
Maintaining your employer health insurance in Montana by using your COBRA rights can be a smart move if you routinely visit doctors or take prescription medications. You won’t need to start over with your deductibles, and your plan will stay the same as the one you were previously enrolled in. On the day it ended, the plan starts up again, continuing coverage.
Your other option is to enroll in an individual Marketplace health plan. These plans provide similar benefits to workplace health insurance.
Apply For COBRA
Employer Has 20+ Employees
You may continue your most recent work health insurance for up to 18 months as an employee. Family members may access the plan for up to 36 months.
You sign up for COBRA with your former employer or their third party. The premium will be $400 – 700 / month, per insured person.
Marketplace / Obamacare
A loss of work health insurance is a qualifying event to find new healthcare through the public healthcare exchange.
In 2023, the average health plan premium in Montana was $471/month per individual.
Medicare
After your workplace insurance ends, you’ll sign up for Medicare within 8 months.
In general, you can sign up for Part A and Part B starting three months before your 65th birthday and ending three months after your 65th birthday.
Learn more about Medicare deadlines and how Medicare Advantage plans can replace original Medicare at no cost to you.
COBRA Is Available in All 50 States
Employee continuation of health insurance coverage is not required in all states. When a state lacks laws governing the continuation of work-related medical benefits, the federal COBRA Act protects these rights. Find out more about your state.
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