What If My Employer Doesn’t Know How To Administer COBRA?

What if my employer does not know how COBRA works?

You can direct your boss or HR department to the Employer’s Guide to COBRA to learn their responsibilities. Companies with 20 or more employees are required to offer former workers and their families access to the same health plan they had when the policy was in full force. The COBRA act compels employers to notify qualified beneficiaries of their rights and ensure enrollment.

Third Party COBRA Administration Services

Many employer’s use a Third Party Administrator to manage COBRA the enrollment and billing process. By law these companies are allowed to charge up to 2% of the health insurance premium for administration fees. This fee is paid for by former employee or family member that uses the continuation of the medical plan.



Save Money With Short-Term Medical 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.

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