If you worked for a business with 20 or more employees and quit your job or were let go, you have the right to continue on your former employer’s health insurance plan for up to 18 months under the federal COBRA act.
In New Hampshire, electing to continue your workplace benefits, you will pay the entire COBRA premium including the portion your employer had subsidized. This may cost families around $400 per individual being covered. When on a COBRA plan, you are extending the previous insurance you had. You will keep your same doctors, ID cards and other plan benefits you were receiving.
New Hampshire Mini-COBRA Law Covers Workers Of Small Businesses
According to the State of New Hampshire Insurance Department, continuing your health insurance from your previous job is a right under the federal COBRA Act. If you work for an employer with 19 or fewer employees, you may qualify for New Hampshire’s State Continuation.
New Hampshire’s state continuation is a right of all N.H. residents to allow a temporary continuation of fully insured group health plans after their work ends or hours reduced where the worker no longer qualifies for health benefits. The law also extends to dental plan benefits. Differently that the federal COBRA Act, the New Hampshire law only allows 39 weeks of continuation.
Employers Are Responsible
When your work insurance ends, the former employer who provided those benefits must notify you within 45 days of your choice to continue those benefits. You then have 60 days to elect that benefit or formerly waive your right to continue on your health plan.
When you choose COBRA insurance, you work directly with the former employer’s human resources department or their third-party administrator. The full insurance premium (including the portion your employer had been paying for) is your responsibility for payment.
Affordable Temporary Health Insurance
If you are fairly healthy and still want to remain insured, alternatives to COBRA insurance may be available based on where you live. Short-term health insurance is a popular option and available in most States. This can protect you from high medical costs of new injuries or new illnesses that unexpectedly occur while allowing you to use any licensed doctor. Coverage is available up to $1 million per person. For more information and pricing, you can call us at 1-877-262-7241 or complete a free quote online.