COBRA Insurance Coverage
During the mid eighties, the “Consolidated Omnibus Budget Reconciliation Act” set up by the “Federal Laws’ designed coverage for workers that were dismissed from work as no fault of misconduct. The laws were issued to help citizens of American with medical expenses during layoff, strikes, decrease of work hours, and so forth. The policy is a temporary coverage that provides cash for medical expenses “up to 18 months.” The policy is helpful for workers that have been laid off from work, on strikes, dismissed for work, and so forth. Sometimes the policy will extend to “36 months’ but for the most part the policyholder will have “18 months” to figure out what type of health insurance is needed to protect his family. During the mid eighties Cobra was setup to provide protection to various candidates. The Act was put in affect under the “Employee Retirement Income Security Act, the Internal Revenue Code” and other sources that would provide additional room for Group Policies. If the group policy is, ‘terminated” then the candidates under the Cobra Law could request the Coverage.
Many employers may offer insurance to employees, and often the coverage is a group policy, since the employer is covering a number of individuals at the workplace. If you have not been dismissed from work as a result of inappropriate behaviors (misconduct, such as sexual harassment, incorrigible behaviors, et cetera) then you likely qualify for Cobra. If you have been terminated from your workplace and meet the guidelines laid out in the Cobra Laws then your employer is obligated to inform you of what Cobra offers and how you can apply for the policy. The coverage will include your family.
Cobra is also available to unemployed candidates that are enduring pending issues, such as death in a family, eligibility to “Medicare,” in the process of ‘divorce” and/or legal “separation.” If this is true then the spouse is optional for coverage also. If the employee is released from work, then the Cobra is activated. Once you qualify for Cobra your employer will notify you, letting you know what coverage is available to you and your family, since under law if the employer fails to uphold the laws he is under penalty. The employer will pay the additional premiums to cover the insurance plan.
Overall, Cobra is an extended policy to employees that offers family and unemployed at the time of policy coverage for medical costs. The policies are similar to few other types of health insurance and someone may be eligible to pay co-payments, usually the policyholder. The policy is validated in most instances if the employee is ‘between’ careers, recently graduated from college, pending group coverage, laid off, and strikes, dependents not currently covered under the parents’ policy, seasonal work, and temporary work candidates.
If you have recently been misplaced from work and fall under, the Cobra guidelines make sure you have the coverage you need. If your employer offers group policy coverage at your workplace and fails to notify you after your are dismissed from work, then contact the proper authorities immediately. You and your family deserve health insurance, and if you worked at an environment, you put in your hours to earn your coverage. If you have been dismissed from your workplace for misconduct and feel you were wronged, be advised that you have the option to request a hearing. During the hearing period, you may have coverage temporarily until evidence is found to convict your behaviors. Otherwise, if you are dismissed from misconduct you will still health insurance, thus checking the marketplace for bargains is the choice for many.
Health insurance policies are available to groups, single policyholders, joint policy plans, HMO, managed care plans and so forth. Few of the policies have steeper premiums, while others may not. However, few policies adhere to a network, thus if you learn more about this plan you will see that you must stay within the network to receive care. Thus, doctors and health insurance providers setup a strategy to offer lower medical costs to patients; however, the patient must stay within the restricted doctor network.
About the Author
Tony Robinson is a Real Estate Investor & has had experience in many types of insurance. Visit http://www.betterinsurancesite.com/ for his tips on insurance.
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COBRA Insurance Coverage by Tony Robinson
