What Is COBRA for Health Insurance

COBRA is the Law That Allows a Person to Keep Their Health Insurance from their Job Even After They Leave That Job.

The Main Difference is That the Employer No Longer Pays Any of the Premium for the Health Insurance and the Person Has to Pay All of it.

That Means a Person May Have to Pay $800 Per Month for Health Insurance.

As an Alternative, a Person Could Sign Up for Affordable Care Act (ACA) Health Insurance, Which Is Also Called Obamacare Insurance.

[colinmarshallmusic]

Thank you for this! I would point out that people check with their HR dept or employer healthcare to see if it does actually cover through the end of the month. I discovered that our coverage would end on the last day of work, just an fyi!

[isaacbartolo]

thank you so much for the explanation! But, I have one question: What benefit do I get from Cobra if I will pay the full premium? It just seems like Cobra is meant to sink me deeper in debt after I lose my job.

[YoonahBae]

Thank you so much! This is super helpful.

[campbellsmith]

Do you happen to know rule for being eligible as a part time employee? At 32 hours/week I qualify for health insurance, but wondering if I need to be full time (40 hours/week) to be cobra eligible.

[bremsberg]

POV: You've been fired/laid off and now watching a video about your premiums raised to 1/4 - 1/2 of your ex-salary.

[schneids]

Let's get this bro some more LIKES

[andressosa]

Thank you for the info, so you lose your job and the government expects you to pay 800 for health insurance, what a joke the medical system is 😂