COBRA is a law that gives exiting employees the right to continue group health insurance coverage for up to 18 months while they seek other employment or alternative health insurance plans. COBRA makes the prospect of job loss less threatening by ensuring that every person is able to continue health insurance coverage as it was supplied while under a group health insurance plan. When an employee exercises his or her rights under COBRA, the employee is obligated to assist in extending the health insurance coverage. As a provision of COBRA, the employee is responsible for 100% of the premium in addition to a processing fee.

That the employee is responsible for the entirety of the premium makes extending COBRA insurance a short-term solution. Many people find that the group health insurance plan is too expensive absent contributions from the employer. As such, COBRA acts as an effective temporary solution while the employee seeks new employment or alternative health insurance. MyInsuranceExpert.com can assist those on COBRA in finding affordable and high quality health instance to replace the group health insurance plan formerly paid for by their employer. The experts at MyInsuranceExpert.com will assist you every step of the way in your search for an alternative, inexpensive premium health insurance plan. You can count on MyInsuranceExpert.com to give you the advice you need!