People who live in Tennessee who lose their job or have their hours cut may qualify for COBRA insurance. COBRA insurance costs are high, because it reflects 102% of the total cost of the plan. This amount is a combination of the amount you were paying for it, what your employer was paying for it, and a small administrative fee. It’s important to get information about low cost alternatives to COBRA insurance so that you can make the best decision for our situation, and find a plan that will fit your budget.
When you take a few minutes to compare what the COBRA insurance rates are to other low cost insurance options, you will see that there are more affordable options available. Our team of experts specializes in helping people find a low cost health insurance plan that will provide them with the coverage they need, but at a price they can afford. Some of the budget friendly alternative COBRA options in Tennessee we can help you with include:
COBRA insurance is one option for you to consider, but it will most likely be the most expensive one. We can help you find affordable health insurance plans that will be more budget friendly and still provide you with great coverage. Within just a few minutes one of our experts can help you find a plan that will work for you situation. Contact us today so we can help you find low cost options!
Not everyone qualifies for COBRA insurance. In order to qualify for COBRA insurance, your employer had to have been providing you with health insurance, and had to have had at least 20 employees. The Consolidated Omnibus Budget Reconciliation Act (COBRA) was created in 1985, so that people didn’t lose their health insurance when they lost their job, whether voluntarily or not, or had their hours reduced. The federal law allows you to keep your plan, as long as you pay for the total cost of it.
This is true whether they quit or were let go. The federal law requires that you have the option to keep your health insurance plan, provided you pay for the entire cost of it. Most people tend to find the cost of COBRA insurance to be unaffordable, making it worth considering other options. The good news is that there are low cost alternatives in available in Tennessee.
We specialize in helping people with low cost health insurance plans and finding alternatives for COBRA insurance in Tennessee. We can help you find a plan that will put your mind at ease, fit your budget, and keep you covered. Contact us today so we can provide you with assistance.
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