Can I get Cobra if I get divorced?
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Can I get Cobra if I get divorced?
After you get divorced, you may be able to temporarily keep your health coverage through a law known as “COBRA.” If your former spouse got insurance through an employer that has at least 20 employees, COBRA lets you stay on that plan for up to 36 months.
How does Cobra insurance work in North Carolina?
COBRA is an acronym for the Consolidated Omnibus Budget Reconciliation Act of 1985. It allows certain employees and their dependents that would otherwise lose group coverage to temporarily continue coverage with the same plan.
Who pays for Cobra in a divorce?
The bad news is that COBRA coverage is expensive: You’ll pay both the employer and the employee’s share of the premium, plus up to 2% for administrative costs. You should make sure that your divorce settlement includes an agreement about how this cost will be paid.
What’s the difference between being separated and divorced?
A legal separation, is a court order that mandates the rights and duties of a couple while they are still married, but living apart; in a divorce, the spouses are no longer married.
