Insurance

Cobra Insurance Alabama: Important Information For Employees

Cobra insurance Alabama is a type of temporary continuation of group health benefits for employees. Employers often offer it to help bridge the gap when an employee terminates their employment and becomes eligible for another employer’s group health plan or Medicare coverage.

This post will discuss this type of insurance, what it is, who needs it, how it works, and why it can benefit businesses.

1) What is Cobra Insurance Alabama?

It is a type of temporary continuation of group health benefits for employees.

Employers must offer this insurance to all eligible individuals who voluntarily (or involuntarily) terminate employment. COBRA eligibility begins on the first day after termination or reduction in hours unless the individual chooses not to purchase it.

Depending on the circumstances, this insurance must be offered for at least nine months but not more than fifteen months.

2) Who needs this insurance?

Any individual who, on the day before a qualifying event occurs (such as termination of employment), is covered under an employer’s group health plan and any dependent child in their care.

3) How does it work?

If you have this insurance and become re-employed with group health plan coverage, COBRA continuation coverage automatically ends the day before your new job begins.

Conclusion:

Cobra insurance Alabama is a way to continue cobra coverage when you are re-employed after losing your job.

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