If you live in Kentucky and lose your job, or have your hours reduced, you may qualify for COBRA insurance. The rates for COBRA insurance are 102% of what the plan costs. This rate reflects the amount that your employer had been paying, what you have been paying, and a 2% administrative fee. Whether or not you feel the rate is affordable, it’s a good idea to take a look at the rates of alternative health plans. You may find one of them to be more affordable and still meet your needs.
Many people find the COBRA insurance rates to be too expensive. The good news is that there are affordable alternative plans available, and our team of experts specializes in helping people find one that will for their situation. Within just a few minutes we can find out what you need and match you to a plan that is not only budget friendly, but will give you all the coverage you need. Here are some of the COBRA insurance alternatives in Kentucky that you may want to consider:
You do not have to feel as though you are stuck with paying the high rates for COBRA insurance. If it’s too expensive, we can help you find something more affordable. We are experts in the area of COBRA insurance alternatives. With one quick phone call we can help you find a health insurance plan that will give you the coverage you need, and that will be more affordable. Contact us today for a free quote!
Before 1985, those who lost their job or had their hours cut also lost their health insurance. The federal government created the Consolidated Omnibus Budget Reconciliation Act (COBRA) to prevent people from losing their health insurance. The law ensures that you can keep it, provided you pay the entire rate for the plan.
This is true whether you quit your job or were let go. COBRA insurance allows you to keep the health insurance you have, but you will have to pay the entire rate of what it costs. When people find out what the COBRA insurance rate is they are often shocked, because they feel it’s too expensive. Rather than worry, take a few minutes to learn about alternative health insurance plans, which are more budget friendly.
To qualify for COBRA insurance in Kentucky, you have to have been working for someone who was providing you with health insurance. Additionally, the employer had to have had at least 20 people working for them. Whether or not you meet those qualifications, contact us today so we can provide you with affordable health insurance rates.
Get a Quote Now