COBRA & MEDICARE: DO THEY WORK TOGETHER?
COBRA provides temporary continuation of health benefits at group rates for qualifying individuals and their dependents if coverage is lost based on a specific qualifying event. If you qualify for Medicare coverage based on age and are also eligible for COBRA, whether you can have both COBRA and Medicare coverage will depend on which coverage you have first.
Making Sense of Medicare Enrollment Periods
There are five different Medicare enrollment periods that allow you to enroll in the various parts of coverage each year. It can feel confusing to understand and keep track of all of them, especially if Medicare is new to you. You can only enroll during certain dates each year, so it is important to be aware of all of the different enrollment periods to ensure you don't miss one.
5 Things You Should Know Before Open Enrollment
Open Enrollment has a significantly shorter window for choosing plans this year than in prior years. Here are 5 things you need to know before Open Enrollment begins to help you make the best decision for you and your family.
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.
RedQuote Joins The Employee Navigator Marketplace
RedQuote is now participating in the Employee Navigator Marketplace, bringing even more convenience to clients.
Switching From COBRA Insurance to Medicare
If you have COBRA continuation coverage and then become eligible for Medicare, you should be aware of some important considerations.
How Does Cobra Work?
Many people never hear of COBRA coverage until they qualify to receive it, and even for those who have heard the term, they often don’t understand what it means or how this form of healthcare works.
What Happens if My COBRA Payment is Late?
The election notice for COBRA continuation coverage of your group health plan contains all the pertinent information you need regarding payments: how much you will have to pay, when payment is due, and what happens if a payment is late. The plan is required to detail the fixed cost of the plan for each 12 month cycle.
Should I Enroll in Medicare if I'm on COBRA Insurance?
COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1985, gives individuals the right to continue group healthcare coverage after they have lost it due to certain qualifying events like job loss or reduction in work hours, divorce, death, or becoming qualified for Medicare.