• Sign Up
  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
My Insurance Quotes Info
  • Home
  • LIFE INSURANCE
  • AUTO INSURANCE
  • HEALTH INSURANCE
  • INSURANCE TIPS
No Result
View All Result
  • Home
  • LIFE INSURANCE
  • AUTO INSURANCE
  • HEALTH INSURANCE
  • INSURANCE TIPS
No Result
View All Result
Home My Insurance Quotes Info
No Result
View All Result
Home INSURANCE TIPS

What is Cobra Insurance?

What is Cobra Insurance?

A Cobra Insurance normally pertains to your health insurance that allows you to pay for your current insurance at a discounted rate. This sometimes can be expensive because you may be required to pay both your and your employers’ costs. Right now, because of the Coronavirus Pandemic, many people are being left without jobs because they work for a company that is classified as a non-essential company. Meaning it does not supply food, medical or anything that is required right now for survival. This has put many families at a hardship including costing many to lose their families health insurance.

This is a bad scenario for someone that has a family member with a chronic illness or if someone in the family would happen to get the Coronavirus. Many people get no notice that their company has to close it doors until the Pandemic is over. With someone in their family needing insurance, this can be one of the quickest ways to guarantee that their family will continue to receive the medical care that they need.

To select a new Health Insurance Plan would many times mean that the person needing medical care may not be covered for the pre-existing condition that they have. Most companies will pick up the coverage after an extended period of set time. During that time frame though, you would be responsible for the medical treatment for that condition until the waiting period is over. Unfortunately, chronic conditions and other already diagnosed conditions are not paid for under your new plan in the beginning.

Any employer that has at least 20 employees that offers a health insurance plan must offer a Cobra plan to their employees. So, if your company closes its door or lets you go you have the right to purchase the Cobra plan and keep your current insurance for up to 18 months to avoid any break in insurance coverage. This keeps your family protected and allows members with pre-existing conditions to continue their medical care while you figure out what you are going to do to provide another insurance coverage for your family.

Read More

Previous Post

Considering Whole Life Insurance

Next Post

Paying Your Insurance Premiums

Related Posts

Student Loan Calculator: Estimate Your Payments
INSURANCE TIPS

Insurance Basics For New Homeowners

Student Loan Calculator: Estimate Your Payments
INSURANCE TIPS

Can A Landlord Make You Buy Renters Insurance?

Student Loan Calculator: Estimate Your Payments
INSURANCE TIPS

Student Loan Calculator: Estimate Your Payments

Paying Your Insurance Premiums
INSURANCE TIPS

Paying Your Insurance Premiums

Next Post
Paying Your Insurance Premiums

Paying Your Insurance Premiums

Search..

No Result
View All Result

Subscribe Us

By submitting, I authorize: (1) My Insurance Quotes Info to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) My Insurance Quotes Info or third-party companies, including My Insurance Quotes Info’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

Popular Articles.

Student Loan Calculator: Estimate Your Payments

Insurance Basics For New Homeowners

Student Loan Calculator: Estimate Your Payments

Can A Landlord Make You Buy Renters Insurance?

Student Loan Calculator: Estimate Your Payments

Student Loan Calculator: Estimate Your Payments

How To Compare Car Insurance

How To Switch Car Insurance

  • Sign Up
  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
  • Do Not Sell My Information

© 2022 My Insurance Quotes Info | All Rights Reserved

No Result
View All Result
  • Home
  • LIFE INSURANCE
  • AUTO INSURANCE
  • HEALTH INSURANCE
  • INSURANCE TIPS

© 2022 My Insurance Quotes Info | All Rights Reserved