Medicare Part B Premium to Rise 6.7%

Medicare Part B Premium to Rise 6.7%

The CMS announced it will increase Medicare Part B premiums about 6.7% for most enrollees in 2020. The 2020 increase is up from an increase of 1.1% in 2019, and up from no increase in 2018. The annual Part B deductible will increase 7%, to $198. The Social Security...

Basics of COBRA

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law passed in 1986 that lets certain employees, their spouses, and their dependents keep group health plan (GHP) coverage for 18 to 36 months after they leave their job or lose coverage for...

Am I Eligible for COBRA?

You are eligible for COBRA if both of the following conditions apply:You are enrolled in job-based insurance (employer group health plan) where COBRA appliesAnd, you have a “qualifying event” (such as termination of employment) that causes you to lose job-based...

Medicare and COBRA Coordination

The way that COBRA and Medicare coordinate depends on which form of insurance you have first. While it is possible to get COBRA if you already have Medicare, it is not usually possible to keep COBRA if you have it before you become Medicare-eligible. Specifically,...

Can You Extend COBRA Coverage if You Become Disabled

If you develop a disability within the first 60 days of getting COBRA coverage, you and your family may be able to extend your COBRA by 11 months, to a maximum of 29 months.In this case, you must tell your COBRA insurer that you developed a disability no later than 60...