During the resignation process, it is advisable to inquire about the continuation of health insurance coverage through a program called COBRA (Consolidated Omnibus Budget Reconciliation Act). COBRA allows you to temporarily continue the health insurance coverage you had with your current employer, but y...
Even if a treatment is covered by your health insurance, it likely comes with a co-pay and deductible. A health savings account (HSA) allows consumers with a high deductible health plan to put away money for qualified medical expenses, from hearing aids to diagnostics to surgery. And because...
It depends on the type of insurance you have and your place of employment. If you are self-employed or work at a small business with less than 20 employees, double-check that you will still be covered past 65. If you have COBRA coverage, make sure to sign up for Medicare. If these ...
How does COBRA work with vision insurance? The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees to continue their group health insurance coverage after experiencing a qualifying life event, such as job loss or a reduction in work hours. However, coverage under COBRA is temporar...
4. COBRA Coverage: For remote workers who transition from full-time employment to remote work, COBRA coverage might be an option. COBRA allows individuals to continue their previous employer-sponsored health insurance for a limited period of time. However, remote workers need to be aware that the...
Health insurance protects your assets from the high cost of medical care. But how it works can be complicated if you don't understand health insurance basics like what a deductible is, when copays apply, and how coinsurance works. Below we tackle these considerations and why health insurance ...
Health insurance premiums vary widely across the U.S. according to where you live and work, how old you are, your income, and more.
While some employees are entitled to continue their workplace health plan through what is known as COBRA, they'll be responsible for covering the entire cost of the premiums themselves. “People might not realize how much their employer pays for health insurance,” says David Flores...
COBRA paperwork: Most employers who offer medical insurance benefits qualify for COBRA and must provide the necessary paperwork to the employee within 30 days of termination. Considering COBRA includes information on extending employee benefits, you should have this paperwork ready to present to the emp...
Insurance premiumsdon’t count as a qualified medical expense unless the premiums are for Medicare or other healthcare coverage (provided you are age 65 or older); for health insurance when receivinghealthcare continuation coverage (COBRA); for coverage when receiving unemployment compensation; or for...