We all strive to live a healthy life. Even with the best practices like maintaining proper nutrition and fitness, you will need medical care at some point. Thus, any employee needs to get cobra insurance.
It takes away the healthcare burden following the employee’s job loss or a decline in their earnings. Meaning they will, together with their beneficiaries, continue to benefit from the health care insurance coverage.
However, this coverage is considered null and void in case of an employee’s gross misconduct.
Moreover, following the death of the employee, their beneficiaries will remain covered. Unlike other plans, divorce does not forbid their spouses from enjoying this insurance. Even in their demise, their dependent will stay covered.
Health care can be costly. Nothing leaves any employee with peace of mind, like assurance that their dependents basic needs are taken care of. Before getting the Cobra insurance, familiarize yourself with the terms and conditions of this coverage.