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This coverage can work with Medicare. COBRA continuation coverage helps employees keep health insurance when their employment ends. This coverage can work with Medicare.
You can have both COBRA and Medicare. If you are on COBRA when you become eligible for Medicare, your COBRA coverage will stop.
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.
Medicare Advantage plans, similar to employer-sponsored insurance, can provide all-in-one coverage, often including dental, vision, hearing and prescription drug benefits, and may also include ...
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides some employees and beneficiaries with the right to continue their coverage under an employer-sponsored group health benefit plan for a limited time after the occurrence of certain events that would otherwise cause termination of such coverage, such as the loss of ...
[28] [29] [30] Under most plans, the "coverage period" generally ceases upon termination of employment whether initiated by the employee or the employer, unless the employee continues coverage with the company under COBRA or other arrangement. Should an employee have unused contributions in an FSA and no additional qualifying claims during the ...