COBRA Frequently Asked Questions
Welcome to our COBRA Insurance Frequently Asked Question and Knowledge Base. We provide answers to the most frequently asked questions about COBRA coverage. Whether you’re wondering about eligibility, costs or how to enroll, you’ll find the information you need. Our goal is to make the rules of COBRA insurance easy to understand, helping you navigate this important aspect of healthcare.
What is COBRA?
The Consolidated Omnibus Budget Reconciliation Act of 1985, also known as COBRA, requires most employers (with 20 or more employees) with group health plans to offer employees the opportunity to continue temporarily their group health care coverage under their employer’s plan if their coverage otherwise would cease due to termination, layoff, or other change in employment status (referred to as “qualifying events”).
How Does COBRA Work?
Those who want to review the rules of COBRA, may want to read the “What Is COBRA?” section as it sumarizes everything from eligibility and costs to the enrollment process.
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COBRA Plan Administrators
Responsible for enrollments and receiving COBRA premiums. This is someone in the human resources department or a third-party administrator the company uses.
COBRA Health Insurance Carriers
A requirement of the COBRA law is that the continuation of health insurance be the same medical plan, with the same insurance carrier that you had when an employer subsidized a portion of premium.