Health insurance is a kind of insurance plan in which the insurer gives for the charge of any or all of the health care facilities. Nowadays, there are lots of sorts of health insurances, for instance, managed care, fee for service & many more.
Health insurance is presented to groups as well as individuals. Group Health Insurance is offers by an employer. Group health insurance through a company is one of the best options obtainable in health insurance. Any person who has the alternative of purchasing health insurance through their company must try to take this benefit. Group health insurance is planned to fulfill the health care requirements of workers of large plus small groups. Group health insurance plan offers medical expenditure coverage for several people in a single plan. In group health insurance, the expenditure of premium is vast among the associates of the group.
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…