Changing Health Insurance after COBRA

AMAC Magazine Exclusive - By Patricia Lopez

Is your COBRA about to expire or expired already? Are you wondering what to do next for health coverage? If so, a Special Enrollment Period can help you get into a new plan with ease. COBRA (the Consolidated Omnibus Budget Reconciliation Act) is a federal law that allows former employees and their families to continue using the group health coverage provided through their employer’s health insurance plan after the employee leaves the company. COBRA is only temporary, typically expires after 18 months, and is at the individual’s expense. But if you haven’t found a new job with health coverage by the time your COBRA runs out, you could be in a pickle!...

Read the Full Article in the Digital Edition of the AMAC Magazine