Overview
With COBRA, you can sustain your old health insurance plan for at least 36 months after you resign from your job. It can cover the cost of certain health conditions. It also helps you to continue offering insurance coverage for your dependents and partners. However, to access this plan you must be qualified for Medicare.
The primary aim of COBRA is to cover healthcare for people who just left their job. COBRA allows you to remain in your old employer’s health plan, even if you are not employed anymore. COBRA is usually accessible for 18 to 36 months.
COBRA can serve as supplementary coverage to help people who have medicare access more services. Experts advise people to combine Medicare and COBRA together because it is more cost-effective.