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Texas COBRA Health Insurance

Looking for Texas COBRA health insurance? Are you debating whether to take your employer’s Texas COBRA health insurance offer? What exactly is COBRA? Congress passed the Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. What COBRA did was amend the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverage that otherwise would be terminated for the employee. Texas COBRA laws give certain provisions for former employees, retirees, spouses and their dependent children.

Provisions Of Texas COBRA Laws

COBRA gives the right to temporary continuation of Texas group health insurance coverage at group rates (the rate will be no more than 102% of the old total rate – keep in mind however that likely your employer will likely not continue to pay a portion of the premium so the rate will be much higher than your were used to). This coverage, however, is only available in specific instances. In addition, Texas group health insurance for COBRA participants is usually more expensive than health coverage for active employees, since usually the employer formerly paid a part of the premium. And it is ordinarily a lot more expensive than a Texas individual health insurance plan. In addition, COBRA laws only cover employees of private sector companies or state and local governments that have 20 or more employees. The federal work force and some church groups are not covered under COBRA.

Under COBRA, a Texas group health plan ordinarily is defined as a plan that provides medical benefits for the employer’s own employees and their dependents through insurance or something comparable, like a trust. Medical benefits provided under the terms of the plan and available to Texas COBRA residents may include: Inpatient and outpatient hospital care, physician care, surgery and other major medical benefits, prescription drugs and any other medical benefits, such as dental and vision care. Life insurance, however, is not covered under COBRA.

When Should I Take My Employer’s Texas COBRA Health Insurance Offer?

As a Texas resident, COBRA can help you maintain continued health insurance coverage. Times you may want to consider taking your TX COBRA health insurance offer include:

1) You previously had comprehensive benefits and don’t mind paying more for them.

2) You want continual, guaranteed coverage even at a higher cost.

3) You have had recent health problems.

4) You have had ongoing health problems.

5) You are taking expensive medications.

6) You have been declined for private insurance recently.

7) You have a history of medical problems.

8) You have had an accident within the 60 day window of enrollment.

9) You are planning on taking a new job and your new employer does not offer a health plan.

If a triggering event, such as death of the covered employee, retirement or any other reason that causes or will cause you to lose your health insurance happens, your employer is required to offer COBRA election to you if your company has 20 or more employees. As a Texas resident, COBRA can help you keep health insurance coverage in spite of triggering events.

Compare Your Texas COBRA Health Insurance Rate vs. Other Texas Health Insurance Plan Rates Now!

There are many nuances to the Texas COBRA laws. The best thing that you can do is to carefully examine all of your options – compare rates from Texas individual health insurance plans vs. your Texas COBRA health insurance offer, evaluate your family’s health history, and speak with a licensed Texas health insurance agent familiar with the laws in Texas.

Take just a few quick moments and get free Texas health insurance quotes from multiple insurance companies side by side to compare!

Get your free Texas health insurance quote comparison now!

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