Under the federal law, luckily most people qualify to elect COBRA continuation coverage. You must meet three requirements under the law known as qualifying plan, qualifying event, and qualifying beneficiary. A qualifying plan is the type of health insurance plan you had with your prior employer. Generally to meet this requirement your group health insurance plan must have covered at least 20 full time employees. The second requirement, qualifying event, is the reason why you lost health insurance coverage. Generally if you lost, quit, or retired from your job you are eligible as an employee. Finally, the last requirement, qualified beneficiary, is who is eligible to be covered. In most cases anyone who was covered in the group health insurance plan of the employer will remain covered with COBRA.
Posted in: COBRA Insurance Frequently Asked Questions