COBRA Insurance and Low Cost Alternatives in Michigan

COBRA Insurance and Low Cost Alternatives in Michigan

COBRA Insurance and Low Cost Alternatives in Michigan

Those who live in Michigan who have lost their job or have had their hours reduced may be able to get COBRA insurance. Most people find that COBRA insurance rates are more than their budget can handle. This is because when you pay the entire rate of the insurance plan it adds up to 102% of the cost. This represents a 2% administrative fee, as well as what you were paying, and what your employer was paying. The good news is that there are low cost alternatives for COBRA insurance in Michigan.

COBRA Insurance Alternatives in Michigan

There are a variety of low cost COBRA insurance alternatives available. By comparing your options you will be able to make the best decision for your situation and find an insurance plant that will fit your budget. Our team of experts specializes in helping people find an affordable health insurance plan that will meet their needs. Here are some of the Michigan COBRA insurance alternatives you may want to consider:

  • Short Term Insurance. A short term plan has been designed to give you the coverage you need, keep it low cost, and fill in the gap in between jobs. You can keep these plans from 30 days and up to a year.
  • Indemnity Plans. Also called fee-for-service plans, these will allow you to go to the doctor of your choice, and then submit your bills to them once you meet your deductible.
  • Associate Plans. If you belong to a group, such as being a freelancer or self employed, you may be able to get a low cost rate through an associate plan. They have been designed to allow such groups to come together to qualify for lower insurance rates.

Affordable Health Insurance Options in Michigan

You are not alone if you find that COBRA insurance in Michigan is more than you can afford. Even if you think you can fit it into your budget it’s a good idea to get information about low cost alternative plans. Within just a few minutes we can find out what you need and help match you to the perfect plan that will fit your budget, and provide you with all the great coverage. Contact us today so our team of experts can give you a free quote!

COBRA Insurance in Michigan

A federal law enacted in 1985, Consolidated Omnibus Budget Reconciliation Act (COBRA) ensures that people will not lose their health insurance if they lose their job or have their hours cut. It doesn’t matter if you quit or were let go, you can still keep your health insurance through COBRA, but you will need to pay for the entire rate of what the plan costs.

This is true whether you left your job voluntarily or not. COBRA, a federal law, allows you to keep your health insurance as long as you pay the entire rate for it. Many people find the amount to keep their health insurance plan through COBRA to be too expensive. This is why it’s so important to get information about low cost alternative programs to consider.

Those who qualify for COBRA had to have been working for an employer who had at least 20 employees and was providing health insurance. Whether you are eligible or not, it’s a good idea to get a quote on low cost COBRA alternatives in Michigan. Contact us today so we help you find an affordable plan.

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