COBRA Insurance and Low Cost Alternatives in New Mexico

COBRA Insurance and Low Cost Alternatives in New Mexico

When people add up the costs of what COBRA insurance is many quickly see that it won’t fit into their budget. COBRA costs in New Mexico are 102% of what the plan you have costs, and you will have to pay the entire amount. The amount reflects what your portion has been, what your employer was paying for you, and a small administrative fee.

COBRA Insurance Alternatives in New Mexico

Most people who find out what their COBRA insurance rate is find that it’s not affordable. The good news is that there are alternative options you can consider that are much more budget friendly. Our team of experts can help you find a plan that will fit your budget, as well as provide you with the health care coverage you need. Within minutes they are able to help match you to a great affordable health insurance plan. Some of the COBRA insurance alternatives in New Mexico include:

• Short Term Insurance. These short term health insurance plans are affordable and provide coverage between jobs. You can have the plan for as little as 30 days or as long as a year.
• Indemnity Plans. Also called a fee-for-service plan, these allow you to go to the doctors you prefer, and then submit the bills for payment. They do have a deductible you will need to meet, but they provide numerous benefits.
• Associate Plans. These plans have been designed for people who come together as a group so that they can get better health insurance rates. An associate plan is ideal for those who are freelancers, self employed, or others members of a group.

COBRA Insurance in New Mexico

Trying to find an affordable health insurance policy can be frustrating. We help to make the process simple. When you speak with one of our experts they can help you find great options for you within minutes. They are able to find health insurance plans that are affordable, and will provide the coverage that you need. We have helped many people find COBRA insurance alternatives in New Mexico, and we can help you, too. Call us for a free quote today!

COBRA Insurance in New Mexico

In 1985, the federal government passed the Consolidated Omnibus Budget Reconciliation Act (COBRA). Before this law was enacted, people would lose their health insurance if they lost their job or had their hours cut. This law ensures that people don’t lose their health insurance, regardless of if they quit, were fired, or had their hours reduced.

COBRA health insurance is available in New Mexico for those who have lost their job or have had their hours cut. It doesn’t matter if you quit your job or were let go, you may still qualify for COBRA insurance. The plan allows you to keep the health insurance that you have, but you will have to absorb the total cost of the plan. Many people find that the cost of COBRA insurance is expensive, making it important to know about some alternative health insurance options.

In order to qualify for COBRA in New Mexico, you have to meet some requirements. These include having worked for a company that had at least 20 employees, and that was providing you with health insurance. Those who meet the criteria should be able to get COBRA insurance. If you can’t afford the rate, we have options for you that you can.