Disability insurance carrier, Ameritas, has a built-in provision called the COBRA Premium benefit.
How It Works
If, you become unemployed due to a disability and, as a result, you are paying COBRA medical coverage premiums, Ameritas will reimburse you for those premiums up to $1,000 a month, beginning with the first premium due after you satisfy the elimination period of this policy but not to exceed 18 months. This benefit is paid to you in addition to your monthly disability benefit.
Reimbursement is also available if continuing your employer-group medical plan under the provisions of a state continuation plan. Ameritas will not pay more than 100% of the COBRA premium expense incurred monthly, under all policies.
This is just another way Ameritas is looking out for their policyholders and their premium dollars.
To learn more about this benefit, please contact us today.