According to Nevada law, both COBRA and Mini-COBRA regulations allow employees to continue their group health insurance coverage when they experience a, "qualifying event". Any company in Nevada with more than 20 employees will be covered by federal COBRA laws, but there is also a mini-COBRA which applies to businesses with less than 20 workers.

 Here is s summary of what is considered a qualifying event and who can apply for COBRA health insurance in Nevada:

• Any employee who received group health insurance coverage for at least one year prior to their termination date
• When an employee verifies in writing their desire to exercise their COBRA option within 60 days of their termination

Employees who elect for continuation of coverage are responsible for making the required premium payments, which cannot exceed 125% of the premiums that the employer pays to the provider on behalf of employees.

Continued group health insurance coverage in Nevada is capped-out at 18 months for employees, but their spouse and children may continue coverage for up to 36 months.  Once an employee has used up all of their time on COBRA, they will qualify for guarantee-issue insurance, which is offered through other health insurance companies.  Nevada insurers are required to offer at least two plans for people who qualify.

Some Nevada residents opt to discontinue COBRA coverage after a few months, and instead seek out a short term health insurance plan that will cover them at a lower price until they can regain full time employment.  While the group health insurance plans offered by employers are usually much better, temporary insurance offers necessary emergency coverage without the high cost.

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Michael Horvat is a health insurance expert and broker with HealthQuotes.com in Colorado Springs, CO. If you are searching for Colorado health insurance plans or quotes, please give Michael a call anytime at 800-345-0789.

http://www.healthquotes.com

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