When you lose your job, it seems like a bunch of stress can build up from there. Not only do you have to apply and interview for more employment, but you no longer have a source of income that can help you pay for the various needs of your family. This can be especially dangerous if you need medical aid. Thankfully, some people who lose their jobs are still eligible for health insurance under the Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA.COBRA was passed under Ronald Reagan, and it deals with a wide variety of topics. Besides continuing health insurance, COBRA also includes amendments to the Employee Retirement Income Security Act of 1974 as well as regulation for tobacco price supports, railroads, disability insurance, and even the postal service. One of the most important parts of this bill is Title X.Title X of COBRA helps protect those who .. more >>

What should you know about Cobra health coverage? Cobra is an acronym that stands for Consolidated Omnibus Budget Reconciliation Act. The act was born in 1985 for the benefit of employees who are terminated or laid off. Those employees who are terminated or laid off are eligible to continue with their current insurance plan for at least an 18 month period. In some instances those individuals covered under employer group plans (and are terminated) could benefit from cobra plans for up to 36 months given certain circumstances. These federal COBRA guidelines apply to companies that have twenty or more employees. Cobra timeline eligibility varies by state if the individual works for (is terminated from) an employer with less than twenty employees. Rather than provide the specific number of months that a terminated employee would be eligible for in each state, we will provide the information for Texas. However, additional states .. more >>