How Does The ACA Impact COBRA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows individuals and their dependents to maintain their employer or group healthcare coverage after a certain qualifying event has occurred, like termination of employment or reduction in work hours, for a set period of time. However, there are other available health plan options to choose from, which may work better for you.
What Are My Options After My COBRA Health Plan Ends?
If you have lost your group health insurance because of job loss or reduction of work hours, death, or divorce, then you have probably heard of COBRA. While COBRA continues your group health coverage, it only lasts for a limited time. Learn more about your options for healthcare coverage after COBRA ends to understand what is right for you.
Platinum Level Marketplace Plans
The Patient Protection and Affordable Care Act created four metal level categories of insurance plans for consumers to choose from through state healthcare marketplaces, also called exchanges. Of these, platinum plans will have the highest monthly premium and be the hardest to find.
Bronze Level Marketplace Plans
The bronze plan is one of four metal categories of insurance plans created by the Patient Protection and Affordable Care Act (ACA) and available through the healthcare marketplace.
Silver Level Marketplace Plans
The silver plan is one of four metal categories of insurance plans created by the Patient Protection and Affordable Care Act (ACA) and available through the healthcare marketplace. Silver plans cover the same ten basic health benefits as all plans available on the marketplace.
Gold Level Marketplace Plans
The gold plan is one of four metal categories of insurance plans created by the Patient Protection and Affordable Care Act (ACA) and available through the healthcare marketplace. Gold plans, like all plans available on the healthcare exchanges,...
Five Reasons to Drop Your COBRA Coverage
There are a number of reasons why you might elect not to take COBRA continuation coverage, or elect to drop COBRA in exchange for a private health plan offered through the healthcare marketplace.
Five Reasons to Keep Your Employer's Plan Through COBRA Extension
If you have taken COBRA continuation coverage insurance or have been offered COBRA coverage by your employer, you should consider carefully the pros and cons of taking the coverage. There are several reasons why you should elect COBRA coverage, or keep it if you already have it.