COBRA Health Coverage Alternatives

Enter Zip Code:

I am under 65 years old

I am over 65 years old  

Free Health Insurance Comparisons in all 50 states

COBRA Health Plans

COBRA (short for Consolidated Omnibus Budget Reconciliation Act) was constructed to provide temporary continuing coverage for terminated employees, including their dependents, if they should suddenly become unemployed. Under COBRA, a terminated employee will be able to maintain the same coverage that they had while employed, albeit without subsidization from the former employer, and with a 2% administrative fee charged by the health insurance carrier.

COBRA Costs

Most people suffer significant "sticker shock" when they see what their health insurance rates would be for the same health coverage that they previously held, without subsidization from the employer. As of late 2009, a federally funded COBRA Premium Subsidy Program was enacted to assist terminated employees pay their health insurance premiums. The Program subsidizes 65% of the COBRA premiums, but will be available only through February 28, 2010.

COBRA Alternatives

Nine times out of ten, an individual health insurance plan will be significantly more affordable than continuing your health insurance coverage via COBRA, and likely even more affordable with the temporary COBRA subsidy which will be expiring soon.

To find the best individual health plan for you and your family, the first step is to compare plans online. It's easy. Simply enter your zip code in above to begin.