COBRA Health Insurance
COBRA Medical Insurance Statistics
COBRA, or the Consolidated Omnibus Budget Reconciliation Act, allows you to keep your employer-provided health insurance coverage if you lose your job or have your hours reduced.
COBRA health insurance can be expensive, as you’ll need to pay the entire monthly premium, which includes the portion that your employer previously paid.
Yes, there are many alternatives to COBRA health insurance, including individual health insurance plans, short-term health insurance plans, and health sharing ministries.
With COBRA health insurance, you’ll stay on the same health insurance plan you had with your employer, but you’ll be responsible for paying the entire monthly premium.
If you’ve recently lost your job, had your hours reduced, or experienced another qualifying event, you may be eligible for COBRA health insurance.
COBRA health insurance typically lasts for 18 months, but can be extended to up to 36 months in some circumstances.
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