Get Temporary Health Insurance with COBRA

If you are in need of temporary health insurance, you might want to consider looking at COBRA. COBRA stands for Consolidated Omnibus Budget Reconciliation Act and it is a way for certain individuals to gain temporary health coverage. Here are a few things to consider about COBRA and how it works.

COBRA 

This program is designed to allow individuals to continue their group health coverage even if they are no longer working for the particular company that offered the plan. Therefore, if you have your position terminated, you can continue to get the same health plan for a limited period of time.

COBRA Rules

In order to qualify for this type of coverage, a few conditions apply. You have to experience a qualifying event in order to be considered for this coverage. This means that if you quit your job, are fired, or have a significant reduction in work hours, you could qualify for this coverage. You could also qualify for this type of coverage if your spouse was covered under a group plan and they pass away. With this type of health insurance coverage, you can maintain it for as long as 18 months. If you experience disability during that time, you can actually extend the coverage even longer.

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