Insurance Medical Temporary

[removed][removed] [removed][removed] [removed][removed] [removed][removed] [removed][removed] [removed][removed] [removed][removed] [removed][removed] The Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA, allows unemployed workers to keep their health insurance from their previous employer for up to 18 months. Up until the 15-month subsidy was approved last year as part of the federal economic stimulus bill, laid-off workers were required to pick up the full premium. With the subsidy, the unemployed paid 35 percent of the cost. That subsidy is now at risk while the U.S. Senate considers whether to extend it. It was eliminated from one jobs bill but is included in a second jobs bill. The Senate, however, has not decided which bill it plans to hear, said Cheryl Fish-Parcham, director of health-care policy for Families USA. If the subsidy is allowed to expire, no one laid off after Feb. 28 will be eligible for the reduced premiums. That could mean many won’t be able t .. Read More

A deluge of uninsured patients may swamp the health care system in the wake of the end of federally subsidized benefits for the uninsured. Robert Resendes, the director of Yavapai County Community Health Services, said the current recession already has stretched his organization’s programs. “Ever since the economy started dropping, we’ve seen a huge increase in our numbers,” Resendes said. “We’d expect to see a continued increase. In the last three years, we’ve seen a doubling of patients in our clinics.”The county provides sliding scale fees for medical and dental service. Patients using the sliding scale clinics have increased from 15,270 for the fiscal year ending in June 2007 to 22,831 for 2008 to 27,379 for the year ending in June 2009. Families USA, a national organization for health care consumers, said that unless lawmakers extend the subsidies, many Arizona workers who have lost their jobs also could lose the federal subsid .. Read More

Consolidated Omnibus Budget Reconciliation Act (COBRA), a health insurance policy, was enacted by the US congress in 1986 for protecting US citizens, from being devoid of health care in the event of your losing job. It gives the right to employees, persons retired their spouses and children a temporary continuation of health insurance coverage in the event of being sacked or retrenched or closure of companies. The Cobra insurance coverage is costlier than regular insurance coverage available for regular employees. This insurance is valid only when there are more than 20 employees or more already covered in the previous year. These benefits usually covers in and outpatient hospital and physicians care and also provides for surgery with major medical benefits such as dental care and vision care. Cobra insurance policy is unique because it retains the original terms and conditions of the health plan prior to his losing the job. This medical insurance was very essential during the cu .. Read More

COBRA is also known as the Consolidated Omnibus Budget Reconciliation Act of 1985. COBRA is a federal law that makes sure a person’s health insurance coverage will not discontinue if that person loses his or her job.  COBRA mandates that this health insurance coverage continues for up to 18 months after losing a job. Most companies that provide group health insurance to employees are governed by COBRA.  Certain situations can require that this 18 month deadline is extended to 29 months and even as long as 36 months. What Are and Who Benefits from COBRA Health Insurance Coverage? The COBRA insurance is designed to protect those folks who have lost their job from losing their health insurance benefits as well.  COBRA is designed as a temporary coverage that was put into place to help those get through this difficult period. Not every employee who is terminated qualifies for COBRA. However all employers should know whether or not these rules apply to .. Read More

The Bureau of Labor Statistics of the U.S. Department of Labor recently reported that employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all-major industry sectors. Are you or your spouse one of the 8.1% Are you worried about joining this group? If you own a small business or are thinking about starting that small business then you need to understand how COBRA can have a dramatic impact on your financial future. Here are 7 things you need to know right now! 1. What is COBRA continuation health coverage? Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. The law amends the Employee Retirement Income Security Act, the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverag .. Read More

Anyone who doesn’t know what COBRA insurance is probably has never been terminated from a place of employment. The only time when COBRA health insurance is available is when a person is terminated from their place of employment, after which they are covered for at least 18 months. COBRA insurance coverage has existed since 1985, when the Consolidated Omnibus Budget Reconciliation Act was signed into law. This applies to most companies that offer some sort of group health insurance coverage, but not in every case. The COBRA health insurance is not always available to terminated employees; there are certain exceptions. The COBRA insurance law allows terminated persons to get health insurance for themselves and their family members at the group rate, but only if they were all covered during employment. COBRA health insurance can also be used during a change in employment status, including reduced hours. People who divorce an eligible employee can also qualify for COBRA insur .. Read More