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The Consolidated Omnibus Budget Reconciliation Act of 1985, more commonly referred to as COBRA, is a federal legislation which is designed to ensure that an individual can proceed to obtain health insurance coverage for a period of up to 18 months following the termination of his employment. If a premium is greater than this, the federal government provides the insured person a cash subsidy to pay for any extra premium. The corporate generally advertises that they have one of many big insurance companies. It may take several doctor’s visits or prescription refills earlier than the insured person reaches the deductible and the insurance company begins to pay for care.
Although the extent of premium can differ from one company to a different, they have to be equivalent within the identical firm for all insured individuals of the identical age group and region, regardless of sex or state of health. The … Read more