WORK COBRA DOES“Covered employees, their immediate family,

also dependent children will be given

continuation of health insurance care in case

the employee loses the coverage due to some

specific occurrence”.

Coverage under COBRA is usually more expensive than what a

working employee pays. Here the employee has to contribute the

employers share as well, once he is not continuing the job, that

entitled him to the group health insurance coverage primarily.

COBRA

Consolidated Omnibus Budget Reconciliation Act aka COBRA continuation in medical insurance

Will COBRA eligibility limit Marketplace coverage eligibility?

A Spouse’s plan- where if your spouse too is employed and has you under his/her employer’s health insurance coverage plan

Health Insurance Marketplace- ‘One-stop shopping’ for you to compare the health insurance options provided by private firms. Can be tax-credit eligible to lower your cost-sharing and monthly premiums. Can look into your premium, out-of-pocket expenses, and deductibles to check if any other plan will help bethelp better.

No... You may apply for Marketplace coverage. Just ensure you enroll before or within 60 days of your losing employer-based coverage, to be able to access the special enrollment within any Marketplace plan.

Moreover, if you loose group health coverage within the open enrollment slab, you can apply for Marketplace health insurance coverage enrollment.

Medicaid- Find out from your Marketplace if you can be eligible for free low-cost coverage or CHIP. Apply for these at any time of the year.

In case your dependents or you select COBRA, you can yet another chance to enroll in Marketplace plans or special enrollment under group health insurance plans.

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This health benefit program changes the Internal Revenue Code, the Public Health Service Act and the Employee Retirement Security Act, so that policies under health-groups can help in temporary continuation of health insurance coverage for those fired from service to the group.

Any private-sector health plan with 20 or more employees

State laws also have mini-COBRA, where employers use the program even with less than 20 employees.

Group plans under healthcare allowing COBRA

Any alternative of COBRA?