COBRA Insurance and Low Cost Alternatives in Delaware

COBRA Insurance and Low Cost Alternatives in Delaware

COBRA Insurance and Low Cost Alternatives in Delaware

How COBRA Works

The reason that COBRA insurance in Delaware is so expensive is because the rate is 102% of the total cost of what the health insurance plan is. You will have to pay the portion of the policy that you have been paying, as well as what your employer has been paying, and a 2% administrative fee. If you are like most people, you will find the COBRA rate a little alarming and want to at least consider alternative options.

COBRA Insurance Alternatives in Delaware

The COBRA insurance rates in Delaware and around the country are typically more than the average person can afford. The good news is that there are affordable options available, and our team of experts can help you find one that will work for you. Within just a few minutes they can match you to a health insurance plan that will provide you with the coverage you need, and will fit into your budget. Here are some COBRA insurance alternatives in Delaware we can help you with:

  • Short Term Insurance. The short term health insurance plans can be from 30 days up to a year. They are essentially insurance that will fill in the gap between your jobs, ensuring that you have an affordable plan.
  • Indemnity Plans. These plans allow you to go to whatever doctors you want to, including specialists, and then you submit the bills. You will have to meet a deductible before they begin paying, but it provides a good option if you have a lot of medical bills.
  • Associate Plans. These plans are for groups, which come together so that they can get members better rates. They are idea for those who are artists, freelancers, or self employed.

Affordable COBRA Insurance Alternatives in Delaware

It can be frustrating for people to try and find affordable health insurance on their own. We help make the entire process simple. Our teams of experts know the health insurance options, they know all about COBRA insurance, and they can help match you with a policy within minutes. They will find a policy that will fit your budget, as well as provide you with the coverage you need.

Affordable Health Insurance Options in Delaware

It can be frustrating for people to try and find affordable health insurance on their own. We help make the entire process simple. Our teams of experts know the health insurance options, they know all about COBRA insurance, and they can help match you with a policy within minutes. They will find a policy that will fit your budget, as well as provide you with the coverage you need.

COBRA Insurance in Delaware

In 1985, the Consolidated Omnibus Budget Reconciliation Act (COBRA) was enacted. This law ensured that those who lost their job, whether voluntarily or not, or had their hours reduced, wouldn’t just lose their health insurance. The law allows people to keep their health insurance plan once they no longer have their job, as long as they pay for the full rate of the plan.

If you live in Delaware you may qualify for COBRA insurance if you lose your job or have the hours cut. This is true whether you quit your job or if you have been let go. There are some qualifications you will need to meet, but if you assume the responsibility of paying for the entire rate you will be able to keep your health insurance. Most people find that the COBRA insurance rates in Delaware are too expensive. This is why it’s important to know about the alternative options that are available.

In order to qualify for COBRA you have to have worked for a company that had at least 20 employees and was providing you with health insurance. If you meet those terms then you will qualify for COBRA insurance. If you find you cannot afford it contact us so we can help you find an affordable health insurance plan that will give you peace of mind.

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