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    have cobra insurance lost job now found job can i still keep cobera

    0  Views: 476 Answers: 2 Posted: 13 years ago

    2 Answers

    Try here >>http://www.opa.ca.gov/about/consumer_information/COBRA_financial_assistance.aspx

    The Consolidated Omnibus Budget and Reconciliation Act, or COBRA, is a federal  law that regulates the continuation of group health insurance which allows person to purchase much better health insurance at a much lower cost.


    An individual, currently under COBRA can convert to an individual policy. An employer or COBRA plan administrator needs to provide an individual with the conversion option within 180 days before coverage for COBRA ends.


    However, whenever a conversion to an individual policy occurs, the insured will need to pay the higher rates that are applicable for an individual policy.


    One will still have better coverage than if they purchased insurance as a individual, since some types of converges are only available with GROUP plans


     


     



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