What is COBRA insurance?

Kaiser Permanente Insurance - What is COBRA insurance?.
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Kaiser Permanente Insurance . COBRA is not a car or a snake! Get alternative affordable health insurance in Georgia! www.georgiahealthinsuranceratesplans.com Back in 1985, Congress signed into law The Consolidated Omnibus Budget Reconciliation Act of 1985 (or COBRA). It was signed into law by President Ronald Regan. The law mandates that once an employee leaves their place of employment, he or she can retain their health insurance. COBRA allows you to continue group health coverage provided by an employer group health plan for limited periods of time under certain circumstances such: • Voluntary or involuntary job loss, between Jobs, lay off, on strike, reduction of hours, job transition • Death, divorce, and other life events • A Recent College Graduate • Waiting for Employer Group Coverage • A Temporary or Seasonal Employee • A Dependent No Longer Covered on Parent's Plan Typically, the expense of employer-subsidizes health insurance is shared by the employer and its pool of employees. The employer contribution percentage varies for each company but it's usually 50% to 80%. So now you see the problem. If you leave your employer, they no longer carry their share of the percentage so you have to pay, in some cases, more than 100% of the premium. COBRA allows you to keep your insurance but at a price. So you have two choices. Pay the price or get cheap, affordable COBRA alternative insurance. That's basically individual and family insurance offered by top insurance companies like; Aetna, Assurant ...
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