What is COBRA? People have often heard of COBRA health insurance coverage but aren’t really sure what it is or how it works. The term COBRA actually stands for Consolidated Omnibus Budget Reconciliation Act. It’s a title often applied to giant budget bills passed by Congress, generally appended by the appropriate year. But when most […]
Tag: Medical Insurance
In my previous post, I talked about evaluating the cost and coverage aspects of health insurance plans. In this post we’ll look at how those pieces come together in common types of medical plans. One thing you’ll see is that you’ll often “pay” for lower costs with reduced choice or flexibility. Today’s Definition Network: A […]
If you have multiple medical plans available at work, you will have to balance cost and coverage while making your choice. The best plan for your situation is not always obvious. Things can get even more complicated if your spouse or partner also has access to health insurance or if you have children. Definitions – […]
It’s currently late November, the time of year when many people are faced with open enrollment at their jobs. While some organizations hold open enrollment at different times of year -in higher education, for example, it commonly falls in late spring for a June 1 or July 1 effective date because of the fiscal year […]