Getting laid off comes with multiple challenges, among them, losing your health insurance cover. When that happens, you’re only safe if you have active cobra insurance with you. Before then, here is what you need to know about cobra insurance rules.
The coverage is limited to 18 months for individuals who have been laid off, fired without gross misconduct, or those whose employees have reduced their working hours, resulting in loss of employer coverage.
Your dependents also get coverage when you die, or when your kid is no longer on the parenting plan. Coverage also happens in case of a divorce or instances when you become eligible for Medicare. All this is eligible for 29 to 36 months.
Although you can cancel your plan anytime during the coverage time, you must pay premiums on time. Also, cobra applies to private ventures with at least 20 workers and local and state governments. Enroll for cobra today and get to enjoy the same insurance plan like the one sponsored by your employer