COBRA Health Insurance - What is it?
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If you are a former employee who has elected to
receive the continuation offered by COBRA health insurance agree to take
over payment of the plan's premiums. The former employer has the
optional right to charge an administrative fee of up to 1%. If you lose
eligibility for group coverage for yourself, or your dependents, there
may be another option. Automatically enrolling in COBRA health insurance
may not be your best bet. You may have the right to "special enroll"
(without waiting for an open enrollment season) in other available group
health coverage. Before deciding to enroll in COBRA health insurance, be
sure to carefully weigh all your options.
If enrolling in COBRA health insurance is your only option, then get the
coverage. Continue to protect yourself, and your family until you find a
new employer, or new insurance. Contact your state's Department of
Insurance to learn your full rights under COBRA health insurance." In
many instances you may qualify for an individual health insurance
policy. If you need help on where to find more information on Individual
Health Insurance coverage please visit your trusted source for health
insurance at www.FloridaHealthInsuranceWeb.com
Florida Health Insurance Consultants Are Here!
COBRA Health Insurance What Is It?
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About the Author
Morgan Q. Moran is a licensed insurance agent in
the state of Florida and is the managing partner of The Moran Financial
Group
www.floridahealthinsuranceweb.com. His strong background in
financial management includes: insurance, annuities, and asset
management. He has proven methodologies to help his client with all
aspects of financial risk management. Morgan holds a B.S. degree from
the University of Vermont in Business Administration with concentrations
in both marketing and finance