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FAQs on COBRA Continuation Health Coverage for Worker

COBRA provides temporary extension of group health<br>coverage when it might otherwise end due to specific events.

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FAQs on COBRA Continuation Health Coverage for Worker

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  1. FAQs on COBRA Continuation Health Coverage for Workers For more information, visit our website www.getsmartquoutes.com WHAT IS COBRA CONTINUATION HEALTH COVERAGE? COBRA provides temporary extension of group health coverage when it might otherwise end due to specific events. Q1 WHAT DOES COBRA DO? COBRA mandates offering continuation coverage to certain individuals, allowing them to keep health benefits for a limited time after qualifying events. Q2 WHICH HEALTH PLANS ARE SUBJECT TO COBRA? Private-sector plans with 20+ employees and state/local government plans follow COBRA. Federal, church plans, and mini-COBRA are exceptions. Q3 ARE THERE ALTERNATIVES TO COBRA? Q4 Look into spouse's plan, Health Insurance Marketplace, or Medicaid before choosing COBRA. WHO IS ENTITLED TO COBRA CONTINUATION COVERAGE? Q5 Covered employees, spouses, former spouses, and dependent children are qualified beneficiaries based on specific events. HOW DO I BECOME ELIGIBLE FOR COBRA? Q6 Be enrolled in employer's active health plan when working. HOW DO I FIND OUT ABOUT COBRA COVERAGE? Q7 Employers must provide notices, including a Summary Plan Description (SPD) and a general notice about COBRA rights. HOW LONG DO I HAVE TO ELECT COBRA COVERAGE? Q8 You get 60 days to decide after receiving the election notice. CAN I GET COVERAGE LATER IF I WAIVE COBRA? Q9 You can revoke a waiver and elect coverage within the election period. WHAT BENEFITS ARE COVERED UNDER COBRA? Q10 COBRA coverage mirrors existing plan coverage for active employees. HOW LONG DOES COBRA COVERAGE LAST? Q11 Coverage lasts 18 or 36 months, based on qualifying event. CAN COBRA COVERAGE BE TERMINATED EARLY? Q12 Yes, under specific circumstances, coverage can end early. IS A DIVORCED SPOUSE ELIGIBLE FOR COBRA? Q13 Yes, a divorced spouse can elect COBRA continuation coverage for up to 36 months. WHO PAYS FOR COBRA COVERAGE? Q14 Qualified beneficiaries pay up to 102% of active employee costs for COBRA coverage.

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