How Do You Pay Health Insurance Under COBRA?
Having adequate health insurance coverage is a concern for many Americans. Some are fortunate to have coverage through their workplace, but they often wonder what to do if they resign or are fired from their job. Thankfully the federal government created COBRA, which allows workers to maintain their healthcare insurance in most cases for a period of time after their last date of employment. If you plan to use this program, it is important that you understand how to pay health insurance under COBRA. Talk to your employer to determine if you are eligible. Before you leave your job you can talk to your human resources specialist to determine if you are eligible for COBRA benefits. In most cases you are eligible as long as the company’s healthcare plan continues and the company employs more than 20 people. If a company is dissolving or shutting its doors, you are not eligible for COBRA since no healthcare coverage will exist for any employees. Get paperwork to enroll in COBRA. If you do de
