Description: Achieving better health care
If you lost or left a job and have employer-sponsored health insurance, you may be offered something called COBRA Health Insurance . This spreads your employer-sponsored health insurance for a period of time that is generally 18 months. Here are 6 things to know about COBRA Health Insurance coverage:
Congress passed the landmark health benefit provisions of the Consolidated Omnibus Budget Reconciliation Act (COBRA). The act amends the Employee Retirement Income Security Act, the Tax Code Interns as well as the Public Health Service Law to offer continuation of group health insurance coverage that could otherwise be ended.
COBRA Health Insurance provides former employees, spouses, retirees, ex-spouses, and dependent youngsters the right to provisional continuation of insurance coverage at group rates. But this coverage is just available if coverage is lost because of particular specified events.