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Utah

Utah COBRA Insurance

Utah COBRA Insurance

With the growth of small business in the state of Utah, it is becoming more common for people to learn that they do not qualify for federal COBRA continuation insurance due to the qualifying plan requirement. This requirement dictates that plans must cover at least twenty employees. However most small businesses don't have that many employees.

Luckily, Utah decided that it wanted to help people who work at small businesses and provide them with a COBRA option and so they created their own Utah COBRA insurance program. The plan works just like normal COBRA by letting your keep your employer health insurance plan but opens up the option to people at small businesses who otherwise wouldn't qualify for COBRA.

An Explanation of Utah COBRA Insurance

In it simplest form, Utah COBRA insurance is a law, not an insurance plan, that lets people extend their health insurance plan after job loss so that they don't immediately lose benefits. It lets them maintain the same plan exactly. People qualify for Utah COBRA insurance if they meet the federal requirements for qualifying event and qualifying beneficiary. Then for the qualifying plan option, the Utah COBRA plan extends the coverage to people with only 2-19 employees on the health insurance plan at the company.

The Cost of Utah COBRA Insurance

Enrolling in Utah COBRA insurance doesn't come cheap. In order to continue your old health plan you must pay the full cost of it and a 2% administration fee. The full cost incudes both what you paid monthly and any amount your company paid. Most companies pay most health care costs so this amount normally ends up over $1000 monthly for a family of four. For an individual it adds up to over $400.

Important Facts About Utah COBRA

It is important to know that Utah COBRA insurance does not last as long as federal plans. It is only available for six months and then you must find another insurance plan. Additionally, Utah COBRA continuation will be stopped if you fail to pay the premium or if your former workplace stops offering insurance.

Looking at Utah COBRA Alternatives

For many people who just lost their job, COBRA insurance is plainly too much money. How can most people afford $1000 a month when they lost their job? However there are other options to find more affordable health insurance.

The first and most preferred choice is finding a private health insurance plans. People prefer this option because they can choose the coverage they need at the price point that makes sense for them. Moreover, for a plan that is nearly identical to their COBRA plan, most people save about 65%. Private plans that most closely mirror employer health care will be family and individual plans. For lowest cost, higher risk plans; you can choose a high deductible or catastrophic plan that will only cover major medical needs and will not cover any ongoing medical needs or minor health needs. These plans do not include doctor visits or prescriptions normally.

To learn more about what plans are out there and what might be a good fit for you and your family, get a quote below. The quote is simply a way to explore multiple plans at one time without having to visit multiple websites or companies. There is no obligation to sign up and according to our visitors it is the easiest way to research plans.

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Utah Frequently Asked Questions

Are elective procedures covered under Utah Mini COBRA insurance?

Whether or not elective procedures are covered under your COBRA plan in Utah will depend on the health insurance plan that you are continuing. Remember COBRA is just a law allowing you to maintain your health plan. Some health plans cover elective procedures and some do not, so it is best to reach out to your insurer to find out. Whether or not elective procedures are covered under your COBRA plan in Utah will depend on the health insurance plan that you are continuing. Remember COBRA is just a law allowing you to maintain your health plan. Some health plans cover elective procedures and some do not, so it is best to reach out to your insurer to find out.

I'm confused, is Utah COBRA a new insurance plan or a law?

Utah Mini COBRA is a law that was passed to give more people the benefit of COBRA. Before it was passed only people who worked at companies with at least twenty full time employees could continue their health plan after job loss. With the Utah Continuation law, now people working at smaller companies can also use COBRA if they choose.

I just signed up for Utah Continuation insurance and am wondering how long it lasts?

The COBRA coverage in Utah will last 180 days, or six months, from the day you were set to lose coverage. For many people this date is the same day of their last day of employment. It does not start the day you send in your UT COBRA enrollment form because it is retroactive. Before COBRA runs out, you will want to explore other options for healthcare.

I am getting a divorce and would like to use Utah COBRA insurance; do I need to tell the health plan?

Yes. It is your responsibility to notify both the workplace and the insurance company that you will be divorcing and are interested in COBRA coverage. They then will send you an election form, which will include the start date and premium cost. People going through a legal separation can also use COBRA.

I am unable to afford COBRA insurance for my child, is there another option?

In Utah there are two state options for coverage for your child. The first is Medicaid and the second is the Utah Children's Health Insurance Program. Both of these provide low cost, or possibly free, health care to children in need.