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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
| 731-968-8403 |
