How does COBRA work? Is it offered if I quit or only if your fired?
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COBRA is offered anytime you are covered by an insurance through your employer and you stop working there. No matter if you quit or if you are fired. And you can have the coverage for up to 18 months. This will allow you to have the same insurance coverage you had when you were employed but the employer will no longer pay any part of your premium. You will be responsible for it in full. Usually this takes a few months to get straight with the insurance companies, but once it is they will pay your claims with no delays and no laps in coverage. If you allow your insurance coverage to laps, your next insurance can exclude conditions you were previously treated for and state they are pre-existing for up to 1 year after your coverage starts. This is why COBRA is important. Good Luck.
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