Those who live in California who may have lost their job or had their hours cut may qualify for COBRA insurance. The amount you pay for COBRA insurance adds up to 102%. This amount reflects what your employer had been paying, what you have been paying, and a 2% administrative fee. If you find that rate shocking you are not alone, which is why it’s important to know about the alternative health insurance options available.
Many people find that the COBRA insurance rates will not fit into their budget. The good news is that there are health insurance plans that are budget friendly. By learning about them you will at least know the options that are available and can choose the best one for you and your family. Our team of experts routinely helps people find affordable health insurance plans. Here are some of the COBRA insurance alternatives in California that are budget friendly:
Many people become frustrated when they begin looking for affordable health insurance in California. That’s why we aim to make the process as simple as can be. By speaking with one of our experts they can evaluate your needs and within minutes match you to an affordable health insurance plan that will fit your budget, and provide you with the overage you need. Contact us today for a free quote!
Prior to 1985, when someone lost their job they would also lose their health insurance. The same thing would often happen if their hours were reduced. That year, the Consolidated Omnibus Budget Reconciliation Act (COBRA) was created. This federal law made it to where people will not lose their health insurance if they quit their job or have their hours cut. They will be able to keep it, providing they pay for the entire cost of the plan.
Many people qualify for COBRA insurance in California, whether they quit their job or were let go, or if they have had their hours cut. What you may find, however, is that the rates that you have to pay for the plan seem expensive. It’s important to know that there are alternative plans that are more affordable.
In order to qualify for COBRA insurance in California, you have to have been working at a company that had at least 20 employees, and was providing you with health insurance. If those conditions have been met you can continue paying for the insurance if you can afford it. If you cannot afford the COBRA insurance rate, we can help you find an alternative rate that is more budget friendly.
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