Things to Know About COBRA Health Insurance Coverage

When major life events happen such as the loss of a job or a divorce, you may have questions about what might happen to your health insurance. A Providence COBRA benefits attorney can help you understand your legal options.

On the Basics of COBRA

The COBRA law pertains to requirements that an employer has to provide continuing coverage to employees for certain qualifying events. As your Providence COBRA benefits lawyer can counsel, an employer must provide group health insurance and employ at least 20 employees. A your Providence COBRA benefits attorney can explain, if you experience one of the qualifying events, this means you may have the option of purchasing insurance at group rates for a period of time and continue coverage.

A Providence COBRA Benefits Lawyer Discusses Qualifying Events

In order to be offered COBRA benefits, an employee must have been terminated or had their hours reduced for a reason other than gross misconduct. As your Providence COBRA benefits lawyer can explain, a spouse may be entitled to COBRA under your plan after a divorce. Dependent children can also qualify for coverage.

Other Health Insurance Options

As your Providence COBRA benefits attorney can counsel, COBRA coverage is generally far more expensive than what you may have been paying before the qualifying event. This is due to the fact that the employer is no longer contributing to the premiums. Before electing COBRA coverage, it's important to understand other options such as purchasing insurance in your state's open exchange or special enrollment in another group plan. Insurance laws have been in flux over the last few years so what was in effect when you were originally enrolled may have changed by the time of your termination.

If you lose your job or experience another qualifying life event, it's important to speak to a Providence COBRA benefits attorney to help you make critical decisions about your and your family's health insurance. Contact the law offices of Robinson & Clapham at (401) 400-3841 or (401) 594-4365 to set up an appointment.