When employment ends, one of the immediate concerns for many individuals is the continuation of health insurance coverage. It’s obvious that new employees try to figure out who pays for cobra after termination. If they start a new job, another question arises “can my new employer pay my cobra premiums?” So is there anything like cobra and severance packages? The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides a mechanism for
Read Full Article HereUnderstanding the layers involved in US health insurance can be difficult, especially when major events hit you. At Taylor Benefits Insurance, we understand the importance of maintaining continuous health coverage. One critical aspect to consider is COBRA (Consolidated Omnibus Budget Reconciliation Act) and its qualifying events. If you're asking, is losing COBRA a qualifying event? or is the end of COBRA a qualifying event?, this guide will clarify the seven COBRA qualifying events and how they impact your
Read Full Article HereFor employees facing employment changes or terminations, understanding health insurance options like state continuation and COBRA laws by state is crucial. Both options allow individuals to maintain group health insurance coverage, but their application depends on factors such as company size, state regulations, and individual circumstances. This article dives into the differences, eligibility requirements, and nuances of state continuation coverage and COBRA to help you make informed decisions.
As more seniors choose to remain in the workforce beyond the traditional retirement age, understanding the nuances between employer-sponsored health plans, COBRA, and Medicare is essential. A common question that arises is, "Is COBRA considered creditable coverage for Medicare?"
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