What if I quit my job?

The Omnibus Consolidated Budget Reconciliation
(COBRA), a law created in 1986, gives workers (and
members of his family) who lose health
insurance benefits the right continue their group
health insurance for a limited period of time under
circumstances such as voluntary or involuntary job
loss, reduction in hours, transition between jobs,
divorce, adoption and death.

In general, the employee pays up to 102% of the premium
cost of the policy, what continues to be generally less
expensive than buying an individual insurance policy.

There are three basic aspects for qualifying
COBRA: the case of qualifying insurance plan
coverage and the qualified person.

Every aspect is taken into account when applying
COBRA and must choose to apply for COBRA
or waive your COBRA rights within 14 days after a
qualifying event.

You should also have been in the group insurance plan
during their work to be eligible. Although
there are exceptions, you can usually continue to pay your
own premiums to keep COBRA coverage intact for up
18 months.

Companies with fewer than 20 employees, the State or
Employers or organizations of federal employees can not
offer COBRA coverage.

Check with your health insurance administrator to see
if you qualify. You too can have this information
available in your group health insurance
policy or in the company manual.

Although it can be expensive, the cost of power
to maintain its rate of group insurance coverage can be well
worthwhile.