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What is COBRA?
COBRA is 1985 federal legislation that requires employers with more than 20 employees to allow
employees that leave the company to continue their insurance in the company plan for 18 to 36
months. The employee is required to reimburse the employer for the cost of the insurance plus up
to a 2 percent administrative fee.
Special Note: Even though your employer is paying a group rate and allowing you to pay this
same group rate after you have left the company, COBRA can still be an expensive option. You
may be able to save substantial money by exploring individual and family health insurance
options, but before you do …read on below…..
Follow the wisest course of action!
It may be wisest to continue your COBRA benefits if:
It may be wisest to consider a COBRA Alternative if:
Your TennHealth agent can advise you on your COBRA options and alternatives. You
can reach your agent at 888-207-8368
COBRA is 1985 federal legislation that requires employers with more than 20 employees to allow
employees that leave the company to continue their insurance in the company plan for 18 to 36
months. The employee is required to reimburse the employer for the cost of the insurance plus up
to a 2 percent administrative fee.
Special Note: Even though your employer is paying a group rate and allowing you to pay this
same group rate after you have left the company, COBRA can still be an expensive option. You
may be able to save substantial money by exploring individual and family health insurance
options, but before you do …read on below…..
Follow the wisest course of action!
It may be wisest to continue your COBRA benefits if:
- you have very comprehensive benefits and don’t mind the extra cost.
- you have had health problems recently.
- you have had chronic or continual health problems.
- you are required to take expensive medications.
- you have been declined for insurance recently.
It may be wisest to consider a COBRA Alternative if:
- you want continual coverage but at a lower cost and
- you have not had any significant chronic health problems and
- you have not received any recommendations from physicians or healthcare workers to
undergo a medical procedure in the future. - Individual and family insurance products are often much less expensive than COBRA
insurance because they reward people for good health and healthy lifestyles.
Your TennHealth agent can advise you on your COBRA options and alternatives. You
can reach your agent at 888-207-8368
| Call 888-207-8368 |
Individual & Family Health Insurance