Get a loan from MoneySearch.com!Specialty InsuranceBusiness InsuranceFixed AnnuitiesHome InsuranceAuto and Vehicle InsuranceLife InsuranceHealth Insurance Rx Drug Prescription Savings PlansVision Savings PlansDental InsuranceSenior / Medicare PlansDisabilityLong Term CareBusiness Group PlansIndividual and Family Health Insurance
Agent Finder





Individual Health Insurance
What to look for in a health insurance plan.

Group Health Insurance
Find out about group health insurance plans.

Managed Care Insurance
Learn about the different managed care insurance options.

Hospital Insurance
Find out why hospital insurance may be needed.

What is COBRA?
Find out how COBRA can help.

What is Medicare?
Learn about the federal program called medicare.

What is Medicaid?
Answers to questions concerning medicaid.

Indemnity Insurance
Learn about indemnity insurance.

Disability Insurance
Find out about disability insurance plans.

Long Term Care Insurance
Learn about a long term care insurance policy.




Mortgage Finder
Credit Card Finder
Personal Loan Finder
Debt Consolidation Finder




Check out what recent and past consumers have to say about our services.

Health Insurance
About COBRA Health Insurance

COBRA is an acronym, which stands for Consolidated Omnibus Budget Reconciliation Act of 1985. Under this federal law, you are provided with a “back-up” system in a time of need, when you aren't currently covered by insurance for a variety of reasons.

This law was put in place to protect your right to continued health insurance, after a circumstance occurs which would otherwise leave you without coverage.

Some of those circumstances:
-involuntary loss of employment (lay off, downsizing, terminated)

-voluntary termination of employment (you quit)

-marital separation or divorce

-if you were a dependent on your guardian/parent’s policy, and you become ineligible (no longer dependent), due to age or no longer attending college

-if your spouse (who is the employee with the insurance coverage) dies

COBRA allows you to have the same coverage you had prior to the event/circumstance. The one thing to take note of is that your continued health benefits will only last for a specific amount of time, and will be entirely at your own cost. Under most cases, the time frame for continued coverage lasts 18-36 months.

A quick example:
You are currently employed, and your company pays for 50% of your insurance premium. You are included in a downsizing effort by your employer, and receive notice of termination. You can opt for COBRA, which will allow you to continue coverage. Instead of the 50% you had prior to termination, you will now be faced with 100% of the insurance premium cost. In some cases, this might be even higher, with the added cost going to administrative fees charged by your ex-employer. As mentioned above, the time frame can be anywhere from 18-36 months.




About | Glossary | Links | Disclaimer | Privacy | Suggest | Affiliate | Advertise | Agent Log-In

Insurance Tracker is the 100% advertiser supported insurance search engine. We are not a carrier, agent or broker. When you choose to inquire with an advertiser on Insurance Tracker, your information remains between you and that advertiser(s). Advertisers are solely responsible for keeping their information current.

Insurance Quotes From Agents Near You: Alaska | Alabama | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Washington DC | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming

Find The Perfect Insurance Policy: Individual and Family Health Plans | Corporate Group Health Plans | Long Term Care (LTC) | Disability Insurance | Senior Health Insurance | Dental Insurance | Vision Health Plans | Rx Drug Savings Plans | Term Life Insurance | Whole Life Insurance | Universal Life Insurance | Fixed Annuities | Auto Insurance | Senior Auto Insurance (Age 55+) | Motorcycle Insurance | ATV Insurance | Boat Insurance | Watercraft Insurance | RV Insurance | Homeowners Insurance | Condominium Insurance | Renters Insurance | Business Owners Insurance | Commercial Auto & Truck Insurance | Workers Compensation | Liability Insurance | Mortgage Protection Insurance

InsuranceTracker.com is a Venture Click company.  Powered by ZipSearch!
Copyright © 2003 InsuranceTracker® All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.