The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federally
protected law that was created to provide covered employees and their
immediate families with temporary continued access to employer sponsored
group health insurance benefits when such access will otherwise be
terminated. For many, COBRA is a viable option when they are put in this
COBRA was designed to provide temporary continuing coverage for employees, their spouses, ex-spouses, and dependant children. It does not apply to everyone though, as eligibility is reliant on limited conditions. You may be eligible for a COBRA plan if you are currently or were recently (within 60 days of leaving the workplace) employed by a company that had more than 20 employees and offered group health insurance at the time of the qualifying event. A qualifying event for a COBRA plan is one in which the life or employment situation of an individual changes in a way that causes an individual's coverage to be terminated. These events include:
If you are un-certain about your eligibility for COBRA and want to make sure you and your family are covered, you should also explore individual health plan options.
Coverage with COBRA
The COBRA plan offers health coverage to a terminated employee for a maximum of 18 months, sometimes less depending on how you qualify for the plan, and the family of an employee for up to 36 months, offering the same benefits as the initial group health care policy. It is important to note that COBRA only covers medical insurance, and does not include life insurance or disability coverage. The following are some of the benefits offered by a COBRA health plan:
UNDERSTANDING TYPES OF HEALTH COVERAGE
Dental Insurance refers to a contract in which a consumer pays premium in return for contracted dental services. Consumers may choose a plan which offers discounts on specified dental services performed by providers that are contracted with the organization. Many consumers simply receive dental service benefits as part of a larger healthcare insurance policy.
Dental Insurance Health Plans and Carriers
Consumers can chose a plan in which their dental care is managed by a Dental Health Maintenance Organization (DHMO). DHMOs typically charge the lowest premiums and provide the most comprehensive coverage. Fee for service, or Direct Reimbursement, plans provide the most freedom of choice for consumers. With this type of plan a patients may pick any dental practitioner and clinic of their choosing. The plan pays a percentage for the service and the patient pays the remainder of the fee.
Vision Insurance Coverage
Vision insurance refers to a contract between a consumer and an
insurance organization which provides vision care in return for a
premium. In exchange for their premium payments, consumers usually
receive eye examinations (given by doctors and clinics contracted
with the insurance organization) and corrective eyewear. Exactly how
much of the fees are covered varies according to the specifics of