I Have Health Coverage Through My Employer But I’m Leaving My Job Soon. Though I Like My Current Coverage, I Cannot Carry It From Job To Job. What Are My Options?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
If your employment ends, voluntarily or otherwise, or you lose coverage because of reduced work hours, you have the right under COBRA (the Consolidated Omnibus Budget Reconciliation Act) to continue in the group on a temporary basis. COBRA applies to all employers with 20 or more workers. You will have to pay for the full group coverage, but you may be able to retain your insurance for yourself for up to 18 months.
Your employer will furnish you (or your spouse) a booklet that explains all the twists and turns under COBRA as well as a summary plan description that contains information about COBRA. In addition, when a plan receives notice of a qualifying event, the plan must notify the covered person of their right to choose continuation of coverage.