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If you are a dependent of someone with
medical insurance from an employer, and the company he or she works
for has more than 20 employees, you may be eligible for COBRA. If
you are an independent, refer to Web sites below for additional
information.
COBRA stands for Consolidated Omnibus
Budget Reconciliation Act, a law that requires employers with more
than 20 employees who provide health insurance for their employees
to offer temporary coverage to qualified employees and their
dependents for a specific amount of time.
You are eligible, under COBRA, for 36
months of continued insurance if you, the dependent, grow too old to
receive benefits.
The law says:
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If employees and dependents of employees are entitled to COBRA benefits,
the health plan must give them a notice stating their right to
choose to continue benefits provided by the plan.
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Employees and their dependents have 60 days to accept
coverage or lose all rights to benefits.
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Once COBRA coverage is chosen, employees are
required to pay for this temporary coverage.
Important: Your benefits will be the same as
before, but you must pay the entire premium without any help or
subsidy from the employer.
If you’re interested in COBRA, you can
learn more about it by visiting the U.S. Department of Labor
Employee Benefits Security Administration
FAQs
About COBRA
or visiting
www.cobrainsurance.com.
 
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