Unemployed Health Insurance

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Health insurance coverage is required to be offered to former employees of a company for up to 18 months after the employee has been terminated. Learn how unemployed individuals will probably have to pay for COBRA health insurance coverage with information from a licensed life and health insurance representative in this free video on insurance.

Part of the Video Series: Insurance Information
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Video Transcript

This is John Pinelli, Financial Representative, talking to you today about unemployed health insurance. Due to the Consolidated Omnibus Budget Reconciliation Act, also referred to as COBRA, employers are required to offer their employees coverage for health, up to eighteen months after they have been terminated or laid off. This act does require them to provide that coverage as an option for that person who has been terminated or laid off, or a number of other changes that could occur that would generally result in them losing coverage. So remember that that coverage is guaranteed to be offered. You will have to pay for that coverage. But you will still be able to obtain it, which is nice for individuals who have been laid off. They will still be able to have that coverage to gap them between their current job and then finding a new job. So that is a nice option, to be able to have that sort of coverage as...as something to bridge that gap. So this has been John Pinelli, Financial Representative, talking to you today about unemployed health insurance.

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