State Of Ohio Cobra Laws Health Insurance
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Buying Individual Health Insurance
If you decide to start your own business or work on contract, you will need to consider your health insurance plan. Current rules do state that you can keep your old group health insurance plan for a period of time, but you may be in for some sticker shock! Most companies contribute a large percentage of the premium, but that contribution will be withdrawn for ex-employees. Instead of just paying your contribution, you will now have to pay the full amount. That is why some people will say that C Read More...
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COBRA Insurance: Health Coverage for Terminated Employees
The Consolidated Omnibus Budget Reconciliation Act of 1985, more commonly know as COBRA, is a federal law that guarantees your heath insurance coverage will remain in effect for up to 18 months should you be terminated from your job. Most companies that provide groups insurance to their employees are mandated to abide COBRA. In some circumstances, the coverage period can be extended from 18 months to 29 months or even up to 36 months.
COBRA Insurance: Who Benefits from It?
If you have lost you Read More...
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COBRA Health Insurance- What is it?
What is Cobra? And how do I figure this out? There is a huge challenge faced by many people today; you've just been leg go by your employer. Basically, you have no income, and no health insurance benefits. Currently, the last thing you want to do is send money to your ex-employer for health insurance benefits. However, that is most likely what you'll need to do. Are you covered? You are likely eligible to be covered by your employer's COBRA health insurance plan. You must pay the premiums you Read More...
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