What does COBRA medical coverage do?
COBRA medical provides certain former employees, retirees, spouses, former spouses, and dependent children the right to the temporary continuation of health coverage at group rates. This coverage, however, is only available when coverage is lost due to certain specific events. Group health coverage for COBRA medical insurance participants is usually more expensive than health coverage for active employees, since usually the employer pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves. It is ordinarily a more affordable health care insurance option, though, than individual health coverage, which can be too expensive for an individual looking for affordable health insurance while self employed.
