florida insurance family health
 Home   Quote    F.A.Q    News    Research    Life
Florida Health Insurance Resources
Types of Florida Health Insurance
Articles About Florida Health Insurance

What is COBRA?

Cobra Coverage

Cobra is essentially continuation of a prior group coverage that typically lasts 18 months (can be up to 36 months).  You are able to elect Cobra within a 62 day window from your last date of group coverage and continue monthly.  Most people do not realize that they have options to Cobra that can significantly reduce their cost as Cobra is typically very expensive in comparison.  Below are some general points on Cobra coverage followed by some alternatives to reduce cost.

  • Cobra rates are usually 10% higher than what the company was paying for you. 

  • Cobra is paid monthly and can be cancelled monthly as well.

  • If you wait till the end of your 62 day window, you will still need to back-pay first two months of Cobra to bring it current.

  • Dependent costs are typically much higher on a Cobra (Group) plan compared to the employee cost.  Cobra can be split up.  For example, you can get your own individual plan and keep someone who is unable to qualify (based on health) on Cobra.  Verify with your Cobra administrator/carrier before you try this.

  • If you are unable to qualify for Individual/Family coverage and you exhaust Cobra, then there is typically a HIPAA option available to you.  By law, each carrier must offer their two most popular Individual plans on a Guaranteed Issue basis to HIPAA eligible individuals.  The rates are higher than qualifying based on health but it does provide a back-up option in case you are unable to get your own Individual coverage.  There is also a 62 day window from the last date of Cobra coverage to initiate HIPAA. 

  • Please contact us for more information on COBRA coverage.

 Family Insurance in FloridaGroup Health Insurance in Florida
Copyright © 2007 Hasell Financial. All rights reserved. | Terms | Login | Resources

 

Florida Health Insurance Articles

    Pharmaceutical Benefits for the Elderly in Florida
    As part of court settlement, Medco to provide uninsured Florida senior citizens with generic medications.

    Florida Insurance Regulations
    Florida health insurance regulations designed to protect consumers, prohibit discrimination based upon pre-existing conditions.

    Healthy Families Florida
    State of Florida plan helps parents and guardians lacking in financial resources to provide health care to their families.

    Florida Medicaid Reform
    The benefits contained within Floridaŭs Medicaid program and how the public plays a role.

    State of Florida Health Care Premiums
    Due to rising costs, committee formed to review healthcare costs within the state of Florida.

    Take Control of Health Care Costs
    Experts suggest monitoring the incurrence of all healthcare costs to ensure you are not paying more than you should.

    The Affordable Health Care for Floridians Act
    Not only making healthcare affordable to all Floridians, but making all Floridians educated about healthcare is the goal of the Affordable Healthcare for Floridians Act

    Short-term Florida Health Insurance
    When in between policies, Florida short-term health insurance may cover the gaps by providing temporary security.

    Florida Maternity Insurance
    Reviewing one's healthcare policy with respect to coverage for maternity-related matters is an important issue for women considering getting pregnant.

    Prescription Plans
    Prescription medications, the hotly debated topic of late, can prove enormously costly and detrimental to oneŭs should he or she not have the benefit of quality pharmaceutical coverage.

    Florida Health Care Assistance Programs
    For those without insurance, a variety of reputable outlets exist from which one can obtain necessary health care services and treatments.

    Insurance Service Programs in Florida
    Within the State of Florida, low income residents have access to programs that provide health care insurance via private companies.

    Health Insurance for Children in Florida
    Low income families though not always able to afford it, still desire the best quality care for their children. Through Floridaŭs Health Care for Children program, parents are able to provide for their children with KidCare and additional benefit-laden, state run programs.

    Student Health Insurance in Florida
    Once officially declared an adult at the age of 18, what do parents do about their childŭs health insurance coverage?

    The Healthy State Initiative
    Within the state of Florida, a concerted effort is underway to improve the lives of residentsŭ by helping them to understand how to attain and maintain a healthier, fuller life.


Florida Health Insurance is only one click away. We are a friendly agency specializing in serving Floridians and their health insurance needs. We are available by phone at any time, since we know how it feels to shop for insurance without human contact. If you cannot find the information or Florida health insurance you need, please contact us by phone or email and we will gladly walk you through the process.