Insurance members must mail premiums directly to the insurance provider. Cobra definition, any of several highly venomous, Old World elapid snakes of the genera Naja and Ophiophagus, characterized by the ability to flatten the neck into a hoodlike form when disturbed. Deeper definition COBRA applies to employers who employ 20 or more employees on more than 50 percent of their typical business days. Your insurance carrier is required to include COBRA rights information in your plan documents when you initially enroll. Under COBRA, former employees, spouses, former spouses, and dependent children must be offered the option of continued health insurance coverage at group rates, which otherwise would be terminated. The name results from the fact that the program was created under the Consolidated Omnibus Reconciliation Act. cobra A federal law that may allow you to temporarily keep health coverage after your employment ends, you lose coverage as a dependent of the covered employee, or another qualifying event. If you elect COBRA (Consolidated Omnibus Budget Reconciliation Act) coverage, you pay 100% of the premiums, including the share the employer used to pay, plus a small administrative fee. Definition of Group Health Plan Under COBRA, “group health insurance plan” allowances provide that employer, employee organization, or sole proprietorship can contribute to COBRA to cover beneficiaries and their dependents. COBRA: A health insurance plan which allows an employee who leaves a company to continue to be covered under the company's health plan, for a certain time period and under certain conditions. What does COBRA stand for in Insurance? You will have up to 60 days to decide whether you want to continue your health coverage under COBRA. Insurance COBRA acronym meaning defined here.

COBRA monthly premium rates for the University of Pittsburgh plans for faculty and staff are as follows: Medical - UPMC Health Plan, Plan Year 7/1/19 - 6/30/20 Type COBRA is the Consolidated Omnibus Budget Reconciliation Act of 1985, federal legislation that allows you – if you work for an insured employer group of 20 or more employees – to continue to purchase health insurance for up to 18 months if you lose your job, or your employer-sponsored coverage is otherwise terminated (in some situations, coverage can continue for up for 36 months). Top COBRA acronym definition related to defence: Consolidated Omnibus Budget Reconciliation Act Search for acronym meaning, ways