If you ar
e someone who has recently lost or quit your job, likely you are facing the difficult decision of whether COBRA health insurance is the right choice for you. COBRA health insurance is actually not health insurance at all, but actually a governmental law that allows you to choose to continue your group health insurance plan under the COBRA health insurance act with your previous employer. Most people qualify for COBRA health insurance if they work at a company with over 20 employees and were not fired for gross misconduct. Also, under COBRA health insurance it is likely that anyone previously covered under your plan (i.e. spouses, children, and other dependent) will be covered under COBRA health insurance.
So who is COBRA health insurance good for?
- Workers, spouses, or dependent young children who have pre-existing wellness conditions that most likely will not be covered under a new insurance provider.
- Those who expect to obtain on one other employer-sponsored plan within the near future and only need a short term remedy.
- Numerous outside insurance plans demand which you sign up for a minimum period of coverage.
- Workers and their spouses over the age of 50
- Employees who are pregnant or have pregnant spouses or dependents or are preparing to do so
- Have recently been declined for private wellness insurance coverage
- Have had an accident within the last 30-60 days
- Are presently taking pricey medication
- Have a history of health problems or recent wellness difficulties
- Individuals who want continued, unchanged wellness insurance coverage and can afford the premiums
Live in a state with out competitive private health insurance selections like New York or New Jersey
Who may want to consider COBRA health insurance alternatives?
- Have no pre-existing well being conditions
- Are young and generally wholesome
- Qualify for a spouse’s wellness insurance strategy
- Qualify for a state sponsored well being insurance program like Medicaid OR have dependent kids who qualify for state sponsored children’s wellness insurance coverage
- Aren’t preparing on undergoing any medical procedures in the near future
- Live in a state with a competitive private well being insurance marketplace like California, Texas, Florida, Michigan, Georgia, Illinois, Oregon, or Washington
- You qualify for a professional, alumni, or fraternal organization’s wellness insurance coverage
- You’re under 26 and can gain coverage under a parent’s well being insurance program
Unemployed Individual Health Insurance Plans – An Alternative to COBRA Health Insurance »
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