Understanding COBRA Insurance: Guide for Oregon Residents
In Oregon, employees who lose their job or experience a reduction in hours have the option to continue their health insurance through the state’s Mini-COBRA program. This program provides a continuation of coverage for up to 18 months, giving individuals and their families time to secure alternative health insurance options.
Oregon Health Insurance Coverage Continuation
No Pre-Existing Conditions
Term Medical Gap Coverage
Available in some states, as low as $44/month
$400 – 700/month per individual
Nearing Retirement Age
Learn about Medicare Advantage
Oregon’s Mini-COBRA Law
Oregon’s Mini-COBRA law, which is also known as the Oregon Continuation of Health Coverage law, was enacted under Oregon Revised Statutes (ORS) Chapter 743B. This law provides a continuation of health coverage for eligible employees and their dependents who have lost their job or experienced a reduction in hours. The coverage is similar to the federal COBRA law, but there are some differences.
One of the key differences between Oregon’s Mini-COBRA and federal COBRA is the size of the employer. Mini-COBRA is only available to employers with 20 or fewer employees, while federal COBRA applies to employers with 20 or more employees.
Source: ORS Chapter 743B
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Oregon COBRA Health Insurance for Individuals with Pre-Existing Conditions
If you have a pre-existing health condition and visit the doctor frequently, COBRA can be a lifesaver in Oregon. Without the option to continue your health insurance on COBRA, it may be challenging to find a new insurance plan that covers your specific health needs.
Apply For COBRA
Employer Has 20+ Employees
As an employee, you may continue your most recent work health insurance for up to 18 months. Family members may access the plan for up to 36 months.
The coverage is retroactive to the date you lost that insurance. After you make your premiums you will be able to reimburse approved medical expenses incurred before it was reactivated.
You sign up for COBRA with your former employer or their third party. The premium will be $400 – 700 / month, per insured person.
Eligibility for Mini-COBRA coverage in Oregon is determined by an individual’s employment history and health coverage. To be eligible, an employee must have maintained continuous health coverage for at least three months prior to the end of their employment or coverage. Additionally, the employee’s spouse and children are also eligible to maintain their coverage through Mini-COBRA
Marketplace / Obamacare
A loss of work health insurance is a qualifying event to find new healthcare through the public healthcare exchange.
The average lowest-cost silver plan monthly premium is $543 in Oregon for 2023 according to the Kaiser Foundation.
Short-Term Health Insurance In Oregon
In Oregon, individuals are allowed to purchase short-term health insurance plans while in between major medical insurance plans. These plans typically provide coverage for up to three months and help cover unexpected medical expenses during this period. They offer peace of mind and help individuals avoid gaps in coverage.
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.