how does cobra work when you leave a job

[DiBentley]

COBRA allows employees to temporarily continue their employer-sponsored health insurance after leaving a job due to resignation, layoff, or reduced hours. Coverage is usually available for up to 18 months, but the individual must pay the full premium plus a small administrative fee, making it more expensive than active employee coverage.

[JasonDella]

After leaving a job, employers are required to notify the health plan administrator, who then sends a COBRA election notice. You typically have 60 days to decide whether to enroll. Coverage is retroactive to the date your employer insurance ended, as long as you elect and pay within the required timeframe.

[CodyLynn]

When considering COBRA, it’s important to compare costs with other options like marketplace plans or a spouse’s insurance. COBRA offers continuity of care and the same provider network, but higher premiums may make alternative coverage more affordable depending on your situation and healthcare needs.