Qualifying Event
What Does Qualifying Event Mean?
A qualifying event refers to a life change that impacts a person’s insurance coverage eligibility. Proof of this change allows the individual to enroll in insurance coverage that aligns with their new circumstances through government-sponsored insurance programs in the United States.
Insuranceopedia Explains Qualifying Event
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), insurance coverage can be extended in certain situations, such as job termination, the birth of a child, marriage, or divorce. These events may otherwise render existing coverage inadequate or discontinued. However, reforms to social insurance under the Obama administration have changed these scenarios. Now, if a U.S. citizen experiences a qualifying event, they may apply for Special Enrollment to maintain continuous coverage.
