Hey everyone,
I’ve heard about a “Cobra loophole” that allows you to keep your health insurance for up to 60 days after losing your job. I’m curious if this is true and if there are any specific requirements or limitations.
Has anyone had experience with the Cobra loophole? Any advice or information would be greatly appreciated.
Thanks!
Hi,
Could you clarify what specific aspect of the COBRA loophole you need help with? Are you looking for information on how it works, potential benefits, or any risks involved?
The “COBRA loophole” usually refers to a situation where someone can extend their health insurance coverage through COBRA (Consolidated Omnibus Budget Reconciliation Act) after losing their job. This allows them to keep the same insurance plan temporarily, but they must pay the full premium, which can be expensive.