If you live in Nevada and have lost your job, regardless of the reason why, or you have had your hours reduced, you may be able to get COBRA health insurance. While most people fear losing their health insurance when they lose their job or their hours get reduced, COBRA insurance makes it possible for you to continue your current policy. COBRA is a federal law ensuring people can continue their health insurance plan, as long as they meet the guidelines.
COBRA insurance premiums are usually more than most people can fit into their budget. The good news is that there are affordable alternatives to consider, and our team members are experts at helping people find a plan that will work for their budget, and provide them with the coverage they need. Some COBRA insurance alternatives in Nevada to consider include:
Many people find the task of securing affordable health insurance plans to be daunting and confusing. That’s where we can help. Our experts know the right questions to ask and are familiar with the types of policies available. Within minutes, they can help you find affordable health insurance options that are great alternatives to COBRA. They will help you find a plan that meets your budget, and provides you with the coverage you need. Our agents can help you find the best COBRA insurance alternatives in Nevada. Contacts us today for a free quote!
COBRA stands for Consolidated Omnibus Budget Reconciliation Act, which is a federal law that was enacted in 1985. Prior to this law, when people lost their job or had their hours reduced, they would simply lose their health insurance. The law makes it possible for people to keep their health insurance plan, but you have to absorb all the costs for it.
One of the biggest concerns regarding COBRA health insurance is that it’s unaffordable for most people. The cost of COBRA in Nevada is 102% of what the policy you have costs. This amount represents the portion you were paying, what your employer was paying, and a 2% administrative fee. This can add up to a rate that is unaffordable. It’s a good idea to learn about some alternative health insurance plans in Nevada, which will be more budget friendly.
To qualify for COBRA insurance in Nevada, you have to have been working for a company that had at least 20 employees. They also had to have been providing you with health insurance. Whether you quit your job, you were let go, or you had your hours cut doesn’t matter, you are still able to use COBRA if you can afford the rates.
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