Understanding COBRA Insurance Coverage in Wyoming
Compared to the federal COBRA law, the Wyoming mini-COBRA law applies to employers with between 2 and 19 employees and provides continuation coverage for up to 12 months, while the federal law applies to employers with 20 or more employees and provides continuation coverage for up to 18 or 36 months.
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Continuing Health Insurance Coverage In Wyoming
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No Pre-Existing Conditions
Term Medical Gap Coverage
Available in some states, as low as $44/month
Coverage For
Pre-Existing Conditions
$400 – 700/month per individual
Medicare
Nearing Retirement Age
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Wyoming’s Mini-COBRA Law
Wyoming mini-COBRA law requires employers with between 2 and 19 employees to offer continuation coverage to their employees and their dependents in the event of a qualifying event, such as termination of employment or reduction in hours. The continuation coverage must be provided for a maximum of 12 months and the premiums paid by the employee can be up to 102% of the group rate.
Compared to the federal COBRA law, which applies to employers with 20 or more employees and provides continuation coverage for up to 18 or 36 months, depending on the qualifying event, the Wyoming mini-COBRA law has more limited coverage and a shorter duration.
Source: WY Stat § 26-19-113
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Getting Coverage For Pre-Existing Conditions In Wyoming
In Wyoming, individuals who lose their employer-sponsored health insurance coverage can consider purchasing health insurance through the federal Health Insurance Marketplace. Marketplace plans offer a range of benefits and coverage options and may be less expensive than continuation coverage under the federal COBRA law.
Individuals who meet certain income requirements may also be eligible for financial assistance in the form of tax credits to help offset the cost of their monthly premiums.
Marketplace / Obamacare
Sometimes state and federal subsidies help offset the premium for individual marketplace insurance.
A loss of work health insurance is a qualifying event to find new healthcare through the public healthcare exchange.
In 2023, the average ACA health plan premium in Wyoming is $801/month per individual, according to the Kaiser Family Foundation.
You May Qualify For A Subsidy
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.
You sign up for COBRA with your former employer or their third party.
The premium will be $400 – 700 / month, per insured person.
Short-Term Health Insurance Options in Wyoming During Job Transitions
Wyoming allows for short-term medical and accident insurance to be sold to individuals who are between jobs and need temporary coverage. Short-term insurance plans typically offer more limited coverage than traditional health insurance plans and may not cover pre-existing conditions or provide coverage for certain types of medical services.
Short Term Medical Insurance: New Illnesses & Injury Coverage
Plans begin at $80/month.
Based on age and state availability
The FlexTerm Health Insurance plan provides health insurance coverage to help protect you from the medical bills that can result from newly unexpected Injuries and Sickness.
Accident Only Insurance with Telehealth
Pre-existing Conditions Do Not Exclude You From Accident Only Coverage
Plans start at $44/month.
Based on age and state availability
Accidents happen, and the last thing you want to worry about is who or how the bills are going to get paid. With this plan, you can focus on getting care. CAM helps you and your family with the high cost of healthcare resulting from injury or accidents.
Includes Telehealth giving you access to prescribing doctors for common issues.
Limited Indemnity with Telehealth
access to prescribing doctors for common issues.
Core Health Insurance provides guaranteed acceptance Limited Indemnity Medical coverage for your basic medical needs, helping to provide a medical option for people who do not have the luxury of being covered by a comprehensive health insurance plan.
Medicare
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.
Remain Insured
Accident Only plans start at $44/mo
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