Before the Affordable Care Act (ACA, aka Obamacare), leaving a job meant either getting private health insurance (which was sometimes difficult because of pre-existing conditions), going without health insurance (NOT a good option!), or paying for coverage under COBRA. COBRA — the Consolidated Omnibus Reconciliation Act — is the federal law that gives you the right to continue your employer-sponsored health insurance coverage for 18 months. The problem with COBRA,
I’m Losing My Work Health Insurance. Should I Go on COBRA or Enroll in an Affordable Care Act Insurance Plan?
Before the Affordable Care Act (aka Obamacare) became the law, leaving a job meant either getting private health insurance (which was sometimes impossible because of pre-existing conditions), going without health insurance (NOT a good option!), or paying for coverage under COBRA. COBRA — the Consolidated Omnibus Reconciliation Act — is the federal law that gives you the right to continue your employer-sponsored health insurance coverage for 18 months. The problem
If I Currently Have COBRA Can I Switch to a Marketplace Plan?
COBRA, which is known by most as continuation of benefits, stands for the Consolidated Ominbus Reconciliation Act. Under this 1985 law, covered employees and their dependents who lose health insurance because of one of a series of qualifying events* are entitled to purchase continuation of that coverage. COBRA however, is typically very expensive. Now that the Affordable Care Act (ACA) is here, many people who qualify for COBRA can find
What is the Future of COBRA?
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act of 1985, which is the federal law that allows many workers to be able to continue their group health insurance coverage, at least temporarily, through a continuation of coverage program. Although COBRA does not apply to all employers, there are other state and federal laws which make it possible for most employees who lose their employment due to a qualified event
