COBRA Health Insurance – Is there an alternative?

Job loss is tough enough when dependable income suddenly vanishes.  It’s a double whammy when you lose your health insurance too.

If you were employed by a company who is required to offer COBRA insurance, you’re fortunate to have options. COBRA provides 18 months of continuous coverage. And the Federal Government’s Economic Stimulus Package created a COBRA subsidy requiring companies to pay 65% of your health insurance premiums for the first 9 of the 18 months after losing your job.  However, you may find that even with this premium reduction, health insurance is still too expensive. What if your company goes out of business? Or discontinues the health insurance plan? Or you don’t qualify for COBRA benefits in the first place? Now what? Read more