COBRA Insurance
COBRA: Continuing Health Coverage After Employment
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that gives employees and their families the right to continue their group health coverage for a limited time after it would otherwise end.
You may be eligible for COBRA if you lose coverage due to job loss (voluntary or involuntary), reduction in work hours, transition between jobs, divorce, or other life events.
Coverage is usually available for 18 to 36 months, depending on your situation. Under COBRA, you pay the full cost of the premium yourself, plus a small administrative fee. While this can be more expensive than your employee contributions, it ensures you can keep the same doctors and benefits you had under your employer’s plan.
How It Works
Notification – You’ll receive information about COBRA eligibility from your employer or plan administrator.
Election Period – You typically have 60 days to decide whether to enroll.
Payments – Premiums must be paid on time to keep coverage active.
Coverage – Benefits are identical to what you had as an active employee.
Questions?
Contact your benefits manager with questions
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