Choose Cobra Or Individual Health Insurance ?

If you left your job voluntarily or I ejected out for the economy, maintain health insurance coverage for you and your family should be one of your top concerns. Even if you are green, can not afford to go without health coverage. All it will take a bad flu season or a serious accident to make a bad situation even worse. Choosing the best type of insurance for your family is as important as deciding to keep it. It’s best to join the Cobra or should go ahead and buy individual health insurance ?

COBRA employers to help you stay healthy for their coverage up to 18 months after he stopped working for them. For most families, this cover acts as a safety net covering them until they are able to sign for different coverage. Individual health insurance, on the other hand, is private insurance that is purchased directly from the insurance company. Until continue paying the premiums will always be covered if you are employed or not.

It’s hard to say whether the individual health insurance is better than COBRA, because the situation of each person is unique and two types of insurance have advantages and disadvantages. With COBRA is sufficient to maintain the same coverage you had with your previous employer. The difference is that now you are responsible for the entire cost of insurance while before your employer in 50-100% of the premium. This can be quite expensive and you will be able to change the insurance plan to something cheaper. Moreover, the coverage is only available for a limited time.

Often you can customize your personal health insurance policy to get what you need can result in lower premiums would be Than COBRA. And, as mentioned before, as long as you continue paying the premiums paid for the rest of your life. The disadvantage of this option is that you may not be able to provide insurance if you have an underlying condition. This, of course, depends on the pre-existing condition you have, but it is quite possible that it would ultimately be rejected outright or pay more for your insurance than you would with a COBRA policy. The best way to understand the best insurance options for you is to talk with an experienced health insurance agent can help you find the policy that suits your needs.

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