COBRA health plans or COBRA Insurance protect workers who are between jobs.

All COBRA Health Plans or COBRA Insurance are based on the 1985 federal legislation that requires employers with more than twenty employees to offer any employee leaving the company the option to continue their health insurance in the company health plan for eighteen to thirty-six months. The employer continues to pay for the COBRA health plan and the employee is required to reimburse the employer for the cost of the insurance.  There is usually a two percent administrative fee added to the total cost for the former employee. (more…)