Qualifying Event
What Does Qualifying Event Mean?
Qualifying event refers to a change in a person’s life that affects their insurance coverage. A proof of this change can make that person enroll for coverage suited to their new life in the government-sponsored insurance department in the United States.
Insuranceopedia Explains Qualifying Event
Under the Consolidated Omnibus Budget Reconciliation Act 9 (COBRA), insurance can be continued under certain circumstances. These circumstances include termination of employment, the birth of a child, marriage, or even divorce. In terms of insurance, these events can make coverage insufficient and even gone. However, social insurance under the Obama administration has altered these scenarios. Now, if one is a US citizen and experiences a situation that can be considered as a qualifying event, they can apply for Special Enrollment and continue being covered.
