How Do You Apply For COBRA Continuation Health Plan?
In the United States, health insurance is a benefit offered by many (but not all) employers. Health plans vary – for example, as part of the employee benefits package the worker can elect a PPO with high deductible, health reimbursement account (HRA) and the option of a health savings account (HSA). But what happens when the employee voluntarily or involuntarily leaves the employer? This is where COBRA comes in. COBRA (Consolidated Omnibus Budget Reconciliation Act of 1986) continues health benefits for 18 months for employees who have voluntarily or involuntarily separated from their employer or have had their working hours reduced. If the former employee is disabled, COBRA can extend health insurance by 11 months, totaling 29 months (2 years 5 months) of medical insurance. Here’s how to apply for COBRA health coverage to continue your health insurance. Make sure COBRA is right for you. The U.S. Government did a good thing when it enacted COBRA; yet the health care extension is contro
