On this day, may, if the company before layoffs, buy-outs, and other financial difficulties, it is difficult to keep a good health insurance. Thanks to the government, but there are some programs you can get the same coverage that were held before the new situation - if you act quickly enough. Here are some things that are about the COBRA program, with which you could enjoy the same health insurance know that youhad.

COBRA, which stands for Consolidated Omnibus Budget Reconciliation Act, it is possible to maintain the same coverage up to 18 months. In some cases, this period for an even longer period may be extended to members.

Qualifying Events

To qualify for this program, participants must meet certain requirements. The good news is that the conditions of COBRA are more lenient. If you are an employee, and are now unemployed, you may be entitled --even if they were fired, placed on or off. The exception is if you were very negligent in their duties, or performed an act of misconduct are found guilty, you are discharged.

Other situations may occur qualification in case of divorce or death of the employee. Sometimes there is a separation are involved, or who have reached the retirement age of employees, or go to Medicare. In cases like this cover for the period may be extended up to 36 months. The situation, however, where coverage is omitted, andIn the event that the operations of the Company. In this case, but may still be able to get your health insurance provided by HIPAA.

Application time is limited

After a qualifying event occurs, it is not act quickly, because there is not much time given, which must apply for the COBRA program. You must act within 30 days after the event, by (the administrator of insurance of the employer) of your intention to continue the coverage.It is better that you do in writing - for your records. Once you have acquired knowledge, which will give you a letter within 14 days, and then you have 60 days to decide whether to accept COBRA coverage.

Awards

While you will be able to cover that you had before the event, there is still a big difference that is. The employer pays a portion of the premiums previously - now it's up to you to meet the full price. So that ita little sticker shock, because it is cheap. Since group insurance is usually much cheaper than can be surprised at how much was paid by the employer.

Coverage

One of the great advantages of using the COBRA health insurance is that probably there will be no pre-existing conditions are not met, since it is already covered before. This means that coverage continues without problems - hopefully, and you can thencontinue to enjoy what had been previously.

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