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This is Where to Start when considering COBRA Insurance
http://cobrainsurance.com/information/articles/15/1/This-is-Where-to-Start-when-considering-COBRA-Insurance/Page1.html
By DS Kennedy/ COBRA Insurance Expert
Published on 03/14/2007
 
Lost your Job? Unemployed? Not sure where your health insurance is going to come from?    Relax, we are the COBRA insurance experts.  We can sort out this mess for you.   

Lost your Job? Unemployed? Not sure where your health insurance is going to come from?

Relax; we are the COBRA experts.  We will sort out this mess for you.    If at any time you have a question do not be afraid to call us. (1-877-279-7959 8am - 5pm CST)

The Basics you need to know:

·         COBRA Insurance is not a company.   It is a Law.

·         COBRA Insurance through your former employer is Very Expensive.  You are now responsible for the entire cost of your own Health Insurance.

·         We have aided Thousands of People, thousands of Employers, and even the US Department of Labor.

·         The COBRA Insurance website is designed to help you sort out Your Specific Situation options.

Ok Let’s Get Started:    Click your Situation Below.

Click HereI, or My Dependents, Have Small or No Medical Conditions (Less Than $1000 in Yearly Medical Expenses)


Click HereI, or My Dependents, have a Minor Medical Condition ($1000 - $3000 in Yearly Medical Expenses)


Click HereI, or My Dependents, Have a Serious Medical Condition ($3000+ in Yearly Medical Expenses)



COBRA Quotes


I, or My Dependents, Have Small or No Medical Conditions (Less Than $1000 in Annual Medical Expenses

Good News, You have many options and alternatives available to you.  First off, your former employer will be sending you a COBRA notice within 60 days of your last date of employment.    Keep this Notice it is very important. 

You can either elect to keep your employers coverage(the cost will be outlined in the COBRA notice they send you), or buy a COBRA Alternative plan.  The COBRA alternative plan will be 40%-75% less costly than your former employers’ coverage.  You will find that COBRA alternative plans will have the same benefits as your old plan.  With the COBRA alternative plan there is no Doctor or Hospital restrictions so you can keep all your existing providers.   

Make sure that the plan you select is qualified as “Creditable Coverage”.  Without it being qualified as “Creditable Coverage” you may have a lapse in coverage when you move to a permanent plan with your new employer.  You will recognize plans with Credible Coverage by this logo.Qualifies as "Credible Coverage" 

You can find many different programs with "Creditable Coverage" by following this link. Creditable Coverage Qualified Plans.

COBRA Quotes


I, or My Dependents, have a Minor Medical Condition ($1000 -$3000 in Annual Medical Expenses)

This is a very difficult decision for you and we are here to help.  If at any time you have a question do not be afraid to call us. (1-877-279-7959 8am - 5pm CST)

You have some options and alternatives available to you.  First off, your former employer will be sending you a COBRA notice within 60 days of your last date of employment.  Keep this Notice it is very important. 

You are going to have to decide weather to keep your Employers Plan, or switch to an affordable alternative.  Below will outline the benefits and negatives of both.

 Employers COBRA plan  COBRA Alternative Plan

Benefits

Covers all pre-existing conditions
Continuous Medical Coverage
Same Doctors and Hospitals
Creditable Coverage
May have Drug Coverage

Benefits

Less Costly than Employers COBRA Option 50%-75% Savings
Savings may be less than your annual cost of care.
Go to any Doctor or Hospital
Next Day Coverage
Continuous Medical Coverage
Creditable Coverage
Free Discount Drug Savings Card

 Negatives

Very Costly
You must deal with former employer
 Negatives

Does not cover pre-existing conditions
No prescription Drug Coverage

If only one person in your family is the reason for your High Medical Usage then you may also consider splitting your families coverage up into two plans.  Keep the person with the high medical expenditures on the Employers COBRA plan and move the remaining family members to the COBRA alternative plan.   Call us at 1-877-279-7959 to help you with this solution.

So to summarize, you can either elect to keep your employers coverage (the cost will be outlined in the COBRA notice they send you), or buy a COBRA Alternative plan.  The COBRA alternative plan will be 40%-75% less costly than your former employers’ coverage. 

You will find that COBRA alternative plans will have the same benefits as your old plan.  With the COBRA alternative plan there is no Doctor or Hospital restrictions so you can keep all your existing providers.   

Make sure that the plan you select is qualified as “Creditable Coverage”.  Without it being qualified as “Creditable Coverage” you may have a lapse in coverage when you move to a permanent plan with your new employer.  You will recognize plans with Credible Coverage by this logo.Qualifies as "Credible Coverage" 

You can find many different programs with "Creditable Coverage" by following this link. Creditable Coverage Qualified Plans.

COBRA Quotes


I, or My Dependents, Have a Serious Medical Condition ($3000+ in Annual Medical Expenses)

Unfortunately, you have few options and alternatives available to you.  First off and very importantly, your former employer will be sending you a COBRA notice within 60 days of your last date of employment.  Keep this COBRA Notice it is very important. 

You are going to have to decide weather to keep your Employers Plan, or switch to an alternative.   In most cases you will have to keep your employers COBRA option regardless of cost.   In some cases you can ask your State Department of Insurance if your State has a risk sharing pool for high risk health insurance.  

In either case, If only one person in your family is the reason for your High Medical Usage then you may also consider splitting your families coverage up into two plans.  Keep the person with the high medical expenditures on the Employers COBRA plan and move the remaining family members to the COBRA alternative plan.   Call us at 1-877-279-7959 to help you with this solution.

So to summarize, you can either elect to keep your employers coverage (the cost will be outlined in the COBRA notice they send you), or buy a COBRA Alternative plan.  The COBRA alternative plan will be 40%-75% less costly than your former employers’ coverage. 

Make sure that the plan you select is qualified as “Creditable Coverage”.  Without it being qualified as “Creditable Coverage” you may have a lapse in coverage when you move to a permanent plan with your new employer.  You will recognize plans with Credible Coverage by this logo.Qualifies as "Credible Coverage" 

You can find many different programs with "Creditable Coverage" by following this link. Creditable Coverage Qualified Plans.

COBRA Quotes