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Facts about Cobra Insurance - Why to Choose COBRA Administrators?

By John Smith Subscribe to RSS | March 29th 2012 | Views:
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COBRA insurance is one of the most popular options for the employees between their jobs. It is known to supply continued health coverage for employees that switch jobs. With the world economy in a state of disarray, health insurance is one of the chief priorities of the people and COBRA insurance is one of the best options as it covers not only the former employees of a company but also the recently retired employees or those who have met with a disability to work further.

The COBRA insurance scheme is based on the law that allows the employees to buy health coverage through the employer’s health plan even when the employee ceases to work. In most of the places in United States, the COBRA insurance is provided to most of the employees except the employees of the Federal Government and those of certain special departments.

According to the COBRA regulations, the coverage under COBRA can be extended upto 18 months and also upto 36 months in case of disability or divorce etc but the claimant should make the claim within 60 days of the qualifying.

The participants and beneficiaries in the plan must send an election notice within 14 days after the COBRA administrator receives the notice regarding the occurrence of the qualifying event. The individual would thereafter be given a period of 60 days to decide whether to continue the COBRA coverage or not.

One of the most important things worth mentioning is that the federal income taxes are not to be paid on the contributions or the investment earnings until they are withdrawn. It is upto the individual to decide how much one wants to contribute to the annual COBRA plan.

Employers have the responsibility of notifying their employees about the opportunity to take the COBRA coverage. The flexibility allowed in the change in the coverage will not allow the individual to start a medical flexible plan or counseling.

COBRA administrators are very important for many reasons. Firstly they will keep you informed about the changes that are being made in the COBRA law or the modifications in the tax code related to the coverage. They would also guide you about the payment of premiums and different plans that one can opt for depending upon the age, employment status and health. They also help in providing up to date information about the continuation of the health coverage and other medical insurance benefits

John Smith - About Author:
Find more information on COBRA insurance, COBRA regulations, COBRA administrator, COBRA administrators at our website. Please visit for more information cobracompliance.com

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