COBRA Health Insurance in Kentucky Coverage:
In order to qualify for COBRA in Kentucky you must have a ‘qualifying event’ in order to receive COBRA. COBRA health insurance in Kentucky is an alternative health insurance can cover an employee for up to eighteen months after they have been terminated and in some instances this coverage can be extended to as long as thirty-six months.
COBRA alternative health insurance covers the former employee for the same price as the group insurance rate was, but the employee will be paying one hundred percent of the price. This means that if the company was paying part of the insurance bill before, you will see a rise in your cost because they will no longer be paying. Your former company should inform you of the COBRA insurance coverage. Be aware that some plans, such as small employer plans, are not subject to COBRA alternative health insurance. While most plans are subject to COBRA’s provisions, there are a few that are not. Health care spending accounts are subject to COBRA’s provisions.
Find a Plan that Fits Your Needs. Anthem Blue Cross Blue Shield is an excellent choice and has a large selection of Cobra plans in Kentucky along with very competitive rates.
Depending upon the cost of the COBRA alternative health insurance, you may decide that you cannot afford to pay it-especially due to your recent termination or layoff. In this instance, you may find it helpful to look into other health insurance policies. You may be able to find a family plan that fits your family’s needs and budget and is cheaper than the COBRA alternative. You should ask as many questions as possible during this process-ask them of your former employer as well as a health insurance agent in your area.