Cobra Health Insurance Coverage
Benefits:
-
Cheaper than the states high risks fund/pool
- Also can cover workers in non federal government employees
- Lasts for up to 18
months in cases of termination or reduction of hours
- Can also cover your children and spouse
- Provides for benefits of up to 36 months if your spouse dies, you come close to getting medicare or become divorced
Drawbacks:
-
May not cover terminated church or federal employees with group plans
- May not be available to employees of small companies with less than 20 total full and part time workers
- May not be available to workers of large company medical plans (self funded benefit plans)
- Must be covered with an employer plan to be eligible
Your medical coverage can terminate if:
- You don't pay your premiums
- You exhaust the 18 to 36 month period of benefits
- Your previous employer cancels their group health benefits
- You are enrolled into another group or individual health policy
- You become eligible for medicare
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