Many people do not realize one unique and beneficial feature of COBRA insurance – you can stop it at any time.  So why does this matter?  It means a number of things but most importantly that COBRA insurance can provide the perfect short term health insurance option while you look for new employment and/or seek out the best health insurance plan for your and your family.  This means you can sign up for COBRA insurance while you seek out a new health insurance plan better suited to your needs and budget without having to be without health insurance for any period of time.  This is a great option for anyone who can’t afford COBRA insurance long term but wants extra time to truly explore their insurance options.

Once you determine an alternative health insurance plan that is better suited to you and your family’s needs, it is easy to drop your COBRA insurance plan.  Simply reach out to your health insurance provider and/or former employer and follow the specific steps required by the insurance company. Most companies will stop coverage at the end of the billing cycle so whenever possible, plan on dropping your COBRA insurance and beginning your new health insurance plan at the end of your billing cycle.