If you live in North Carolina and find that you have lost your job, whether voluntarily or not, you may still qualify for COBRA insurance. COBRA insurance rates tend to seem high because they are 102% of the rate of the policy. This amount reflects what you have been paying for the plan, what your employer was paying for you, and a small administrative fee. It’s important to look at the low cost alternatives available so you can make the best decision for your situation.
There are several low cost COBRA alternatives for you to consider. Our team of experts specializes in helping people find a policy that will fit their budget and provide them with the coverage that they need. We know the variety of low cost health insurance plans that are available. Here are just a few of the COBRA insurance alternatives in North Carolina we can provide you a quote for:
If you feel that you cannot afford the COBRA insurance rates in North Carolina you are not alone. Many people find they can’t fit the rate into their budget. By taking a few minutes to compare rates with low cost alternatives to COBRA, you may be pleasantly surprised at the options you can choose from. We are specialists at matching people with a plan that will work for them. Contact us today for a free quote!
The Consolidated Omnibus Budget Reconciliation Act (COBRA) was passed as a law in 1985. Prior to that, if you lost your job or had your hours reduced you would also lose your health insurance. This federal law makes it possible for you keep your health insurance plan, as long as you pay for the total cost of it.
This is also true if your hours have been reduced. Rather than lose your health insurance, you may be able to keep it, but you will have to assume the total cost for the plan. Many people are shocked when they see what the COBRA insurance rates are in North Carolina, because it can be costly. The good news is that there are low cost alternatives.
To qualify for COBRA insurance you would have to have been working for a company that had at least 20 employees, and was providing you with health insurance. While you may meet the conditions for COBRA insurance, it’s a good idea to low cost alternatives so you can find the best option for you. Contact us so we can provide you with low cost health insurance options in North Carolina.
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