COBRA Health Coverage
If you are currently in between jobs, or have recently become unemployed, COBRA health care coverage may be a good option for you. COBRA is part of a Federal a law passed in 1986 which gives recently unemployed workers the right to continue their existing group health care coverage upon leaving their employer.
Although COBRA does offer individuals the option to continue their past heath care plan, COBRA is not the best choice for everyone. Often, COBRA health plans are expensive and do not offer individuals the specific care that many look for in a good health insurance plan.
The Best COBRA Alternative
For many, signing up for an individual or family policy may be the most affordable and most beneficial COBRA alternative. Individual or family plans, whether short- or long-term, can be custom fit for every individual need. Customizing a plan to include dental coverage, vision coverage, or even chiropractic care, are just some of the benefits a new individual or family plan can include, all without the need for full COBRA coverage.
When selecting a plan outside of COBRA's restrictions, individuals can choose a wider variety of health care coverage while decreasing their up-front health insurance costs.
Comparing COBRA with other Alternatives
Comparing COBRA with other private health insurance plans may yield plans that provide lower premiums with similar coverage. By selecting a plan that perfectly fits your individual needs, you can pay less and you may even get additional, higher quality coverage than COBRA.