Wishing happy Friday tidings to everyone--I'd like to share a bit of info that might make your Friday even better. Recently I made the decision to embark on an expedition and move to the frozen tundra of Wisconsin. While, sadly, I will be leaving my editorial position at brass at the end of January, I'm taking with me some valuable information. I found some great health insurance info for anyone else who's soon-to-be in between jobs like me. If you haven't heard of the Consolidated Omnibus Budget Reconciliation Act (COBRA), listen up. COBRA is essentially an extension of your health care coverage through your previous employer (even though you will no longer be employed by them). So in other words, if you need medical assistance in-between jobs (when you normally wouldn't have any health coverage), you can have it covered by your former policy for up to 18 months for the same rate as when you were employed.
The catch is that you generally have to pay the entire insurance premium on your policy (whereas your past employer used to split it with you). Note that there are terms for your eligibility, but generally if you were a full-time employee who is either leaving your job, laid off, or your hours were cut back--you typically qualify. You can also qualify if you were recently fired; however, it can't be on the grounds of "gross misconduct."
Check out the U.S. Department of Labor to see about your eligibility, as well as the eligibility for any family you may have included on your plan.
-Jordon
Post new comment