The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees and their families who lose their health benefits to continue participating in their group health plan for limited periods — 18 months for the worker, up to three years for dependents. You qualify for COBRA in cases of v...
What's more, the Consolidated Omnibus Budget Reconciliation Act generally applies to companies that offer health insurance, such as thegroup health plansof private-sector employers with 20 or more employees. Likewise, COBRA applies to state or local governments with an equal number of employees. Non...
Whether you quit, get fired or are laid off, you may be able to choose your former employer’s health plan under a federal law called COBRA. That stands for Consolidated Omnibus Reconciliation Act. It’s available if: You were enrolled in an employer-sponsored medical, dental or vision plan...
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...
Some public universities offer very broad coverage. Beckley points to the University of California's system, which offers dental, vision, and a mini-COBRAstudents can use to keep health insurance after leaving the school. The plans are designed to work with the needs of a local student, as ...
You can keep your employer’s coverage through COBRA Businesses with 20 or more employees are required to allow employees to keep their health insurance for up to 18 months after they lose their job under the Consolidated Omnibus Budget Reconciliation Act (COBRA). However, if you choose this op...
So if you retire prior to age 65, you'll need to find coverage until you are eligible for Medicare. Consider these options that may be available to you (see table). Retiring before 65? Explore health insurance options and estimate potential costs before you’re Medicare-eligible. COBRA ...
Continued Health Care Benefit Program. The CHCBP is a transitional health care program for veterans, similar to COBRA benefits offered to workers in the civilian world. This benefit allows military members and their families to take TRICARE with them for up to 18 months when they leave active ...
The Affordable Care Act, also known as Obamacare or ACA, requires most Americans to have health insurance that meets a government standard known as "minimum essential coverage," or MEC. Whether your insurance qualifies as MEC depends not on the plan itse
Finally, what else do you expect from your health insurance provider? Hire them as you would for any other member of your team and consider at least three options to make the best choice for you. What unanswered questions do you have about buying a health insurance policy?