Texas COBRA Benefits and How They Affect You
Posted in Finance on July 24, 2008
Understanding your COBRA insurance benefits can be difficult. This brief article explains your rights in simple terms, and explains your options in the event your COBRA benefits kick in.
Congress passed the Consolidated Omnibus Budget Reconciliation Act (COBRA) in the 80’s to regulate the continuation of health care coverage rights for employees.
COBRA benefits kick in when any of the “qualifying events” listed below occur:
1. You lose your job…
2. Your hours are cut by your employer, so you no longer qualify for their employer-sponsored plan…
Deal of the day
