Is COBRA Insurance Retroactive?

With the new health care reform laws, will Cobra insurance is still be retroactive and how this works?

The Affordable Care Act did not change continuing coverage with COBRA. Your previous employer’s plan administrator is required by law to offer you the same workplace benefits you had when you were working. If you not choose this continuation of benefits, will need to waive your right from electing COBRA.

The loss of a job is a qualifying event for a special election period or special enrollment period. If your separation of employment you have 60 days to enroll in a qualified health plan.

This makes COBRA a retroactive choice. If you elect to continue your current workplace coverage, your COBRA premiums do not change. Though, often times, the covered employee will pay your employers share of the premium.

Signing up for COBRA continuation insurance is very expensive. Get a quote on affordable short term health insurance, or call us at 1-877-279-7959 (8am-5pm CST) and we can help you find a qualified health plan or another alternative to COBRA.

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