Cobra Health Insurance

Written by Lacy Carter
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COBRA health insurance generally includes good coverage, but at a hefty price. Transitioning out of a job creates many questions and uncertainties, so signing up for COBRA can seem like a no-brainer. However, extending your coverage under these terms costs much more than you should have to pay.

Sidestep COBRA Health Insurance

When you receive your first statement for COBRA coverage you had better sit down, the enormous charges are bound to knock you off your feet. You may not want to switch healthcare companies, but doing so can save you thousands of dollars over the cost of COBRA.

Shopping for insurance to avoid COBRA health insurance charges doesn't have to be time consuming. In fact, if you work with a broker, the entire process is effortless. Once you have an initial consultation, the agent can collect quotes and investigate the details of plans that seem right for you. You make the final decision about any insurance coverage so that you know exactly what to expect.

Most people only plan on using COBRA health insurance for a short time, but that timeframe can stretch out longer than you expect. Over a period of many months, you wind up paying up to three times what you would pay for individual insurance plans. Don't get in over your head and risk incurring exorbitant COBRA fees, especially since there are so many alternatives.

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