Answers and comments provided on COBRAinsurance.com website are general information and are not intended to substitute for informed professional medical, psychological, tax, legal, investment, accounting, governmental, or other professional advice. Cobra Network is made up of like-minded people who all want the same thing: to focus on the work they love, and to reap more rewards from doing it. If you lose the health coverage provided by your employer for any reason, you can keep your benefits for a set period of time by signing up for a COBRA health insurance policy. It’s been invaluable to our growth, and I wouldn’t hesitate to recommend it – as I have, on many occasions.

With COBRA, your coverage must be identical to what your employer gives its current employees. Health, dental, and vision are all available for continuation, and you may also be eligible for life insurance continuation if you are on a leave of absence or layoff from State service.Several different events may trigger the loss of insurance coverage for employees, spouses, or dependent children, some examples of those events are:Under COBRA if you, a spouse, or dependent should lose eligibility for State group health, dental, or vision insurances you may be eligible to continue these coverages temporarily by paying the full premium directly to the State of Michigan.
If you decide not to take COBRA coverage, you can enroll in a Marketplace plan instead. You no longer get any help from your former employer. With COBRA, your coverage must be identical to what your employer gives its current employees. This protection is provided regardless of any pre-existing health conditions. When you choose to enroll in COBRA and elect health, it is a direct continuation of your same State Health Plan PPO; the same is true for dental and vision plans.
Our matching system sorts users according to their needs and then connects them with the appropriate insurance carriers for a good fit.Premiums are one of the most important factors in your health insurance decision. How much COBRA costs varies by how much the plan costs the employer. This protection is provided regardless of any pre-existing health conditions. However, COBRA is not intended to be the answer to every … COBRA provides temporary continuation of group health, dental, and vision coverage that might otherwise end due to a certain qualifying event.COBRA is a continuation of your State Group benefits that you were enrolled in, prior to benefits ending. You may want to consider purchasing a COBRA plan if the following situations describe you:COBRA is a great option for people who fit the descriptions above. Instead of wasting hours researching which providers are affordable, we give you the answers in a fraction of the time. However, COBRA is not intended to be the answer to every individual’s situation. COBRA, known in full as the Consolidated Omnibus Budget Reconciliation Act, allows qualified workers to continue employer-sponsored health care coverage most commonly for 18 months after they leave their job.

We make it easy for you to find great health insurance. COBRA requires you to pay 100% of the health insurance costs plus up to 2% adminstrative fee. If the qualifying event was a reduction in hours or the termination of employment, you are entitled to 18 months of COBRA coverage. This period begins on either the date you are furnished the election notice or the date you would lose coverage (whichever comes later).The coverage you receive under COBRA must be the same as the coverage currently available under the plan to similarly situated active employees and their dependents.

The average annual employer-sponsored health insurance costs for family coverage is more than $20,000. COBRA is a continuation of your State Group benefits that you were enrolled in, prior to benefits ending. If you lose the health coverage provided by your employer for any reason, you can keep your benefits for a set period of time by signing up for a COBRA health insurance policy. COBRA is a law (It is not an endorsed insurance plan or company). For those who are relatively healthy or have a limited budget, this type of coverage may not be the ideal option.

It's a federal law that was created in 1985 that gives individuals who experience a job loss or other qualifying event the option to continue their current health insurance coverage for a limited amount of time. If you’re losing job-based coverage and haven’t signed up for COBRA, learn about your rights and options under COBRA from the U.S. Department of Labor.


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