Colorado Insurance

Colorado COBRA Health Insurance

COBRA Health Insurance in Colorado

COBRA, or the Federal Consolidated Omnibus Budget Reconciliation Act of 1985, is a federal law that permits departing employees to continue the group coverage provided by their employer for up to 18 months. If you qualify for a COBRA health insurance plan, you have the right to continue the group coverage provided by your employer and the group health insurance plan administrator must provide you with the necessary forms to begin COBRA health insurance coverage. In most situations, the departing employee will be responsible for the full 100% of the total health insurance cost plus a processing fee.

Given the often high costs associated with COBRA health insurance, this extension is generally only used to allow the departing employee time to find individual or family health insurance at an affordable price. With MyInsuranceExpert.com, you can quickly and easily find a variety of health insurance plans to meet your needs. MyInsuranceExpert.com provides you with the tools and information you need to compare the rates and features of a variety of health insurance plans in Colorado.

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Cobra Insurance in Colorado

Colorado law allows for an extension of group health insurance coverage for departing employees of 18 months. The legislature of Colorado created the continuation laws to “fill the gaps” left by COBRA and to ensure that all departing employees have the opportunity to continue group health insurance coverage while seeking other employment or alternative insurance. If you elect to exercise the Colorado continuation of group health care insurance, the administrator of your group health care plan must by law supply you with the necessary documents to extend coverage.