Cobra Insurance Phone Number: Everything You Need to Know

Cobra insurance is a form of health insurance that allows individuals to continue their employer-sponsored health coverage even after they leave their job. If you’re currently on Cobra and need assistance or have questions, this article will provide you with everything you need to know, including the Cobra insurance phone number.

What is Cobra Insurance?

Before we dive into the details of Cobra insurance phone number, let’s first discuss Cobra insurance and its purpose.

Cobra, which stands for the Consolidated Omnibus Budget Reconciliation Act, was signed into law in 1985. It allows employees and their dependents to continue their health insurance coverage for up to 18 months after leaving their job, whether it’s due to a layoff, voluntary resignation, or termination.

While on Cobra, individuals will receive the same health insurance coverage they had while employed, but they will be responsible for paying the entire premium themselves, plus an administrative fee of up to 2%.

How to Contact Cobra Insurance

If you’re currently on Cobra and need to speak with someone, the Cobra insurance phone number is 1-866-444-3272. You can call this number to ask questions, update your personal information, or make a payment.

Additionally, if you’re having trouble paying your Cobra premiums, you may be eligible for assistance through the American Rescue Plan Act of 2021. You can learn more about this program by visiting the official Cobra website or by calling the Cobra insurance phone number.

Cobra Insurance Eligibility

Individuals are eligible for Cobra insurance if they were covered under their employer’s health insurance plan and experience a qualifying event. Qualifying events include:

If you experience a qualifying event, your employer is required by law to offer you Cobra coverage. However, it’s important to note that you only have 60 days to enroll in Cobra once you receive the offer. If you miss this deadline, you will not be able to enroll.

Cobra Insurance Costs

As previously mentioned, individuals on Cobra are responsible for paying the entire premium themselves, plus an administrative fee of up to 2%. This can be a significant financial burden for many people, as the average monthly premium for employer-sponsored health insurance is $456 for individuals and $1,152 for families.

Additionally, while on Cobra, individuals may be subject to higher deductibles and out-of-pocket costs than they had while employed. It’s important to carefully review the details of your Cobra plan to fully understand your costs and coverage.

Frequently Asked Questions

1. What happens if I miss a Cobra payment?

If you miss a Cobra payment, you will have a 30-day grace period to make the payment. If you do not make the payment within this time frame, your coverage will be terminated. If you have trouble making your Cobra payments, contact the Cobra insurance phone number to discuss your options.

2. Can I still see my same doctors while on Cobra?

Generally, yes. While on Cobra, you should still have access to the same network of providers that you had while employed. However, it’s important to check with your insurance provider to make sure your current doctors are in-network.

3. Is Cobra coverage retroactive?

No, Cobra coverage is not retroactive. Coverage begins on the date of your qualifying event or the date you enroll, whichever is later.

4. Can I switch to a different health insurance plan while on Cobra?

Yes, once your Cobra coverage ends, you will have the option to enroll in a different health insurance plan during the annual open enrollment period. You may also be able to enroll in a new plan if you experience another qualifying event, such as getting married or having a child.

5. How do I know if I’m eligible for financial assistance with my Cobra premiums?

You can check your eligibility for financial assistance through the American Rescue Plan Act of 2021 by visiting the official Cobra website or by calling the Cobra insurance phone number.

Conclusion

Cobra insurance can be a valuable resource for individuals who need to continue their health insurance coverage after leaving their job. If you’re currently on Cobra and have questions or need assistance, don’t hesitate to contact the Cobra insurance phone number. And remember, it’s important to carefully review your coverage and costs to ensure you’re getting the best possible health insurance for your needs.