COBRA Insurance and Low Cost Alternatives in Texas

COBRA Insurance and Low Cost Alternatives in Louisiana

Texas residents who may have lost their job or had their hours reduced may qualify for COBRA insurance. The total cost of what you would need to pay for COBRA insurance is 102% of the policy rate. This amount reflects a 2% administrative fee, as well as the portion you had been paying, and what your employer had been paying for you. The good news is that there are low cost alternatives in Texas, and we specialize in helping people find the right one for their situation.

COBRA Insurance Alternatives in Texas

When you take a few minutes to review the rates of other low cost alternative plans, you will find that they are easier to fit into your budget. We have a team of specialists who help fit people with an affordable health insurance plan that will work for them. There are numerous low cost COBRA options in Texas to consider, including:

• Short Term Insurance. With this type of plan you will have health insurance coverage to fill in the gap between jobs. The plans provide low cost options, but still provide full coverage. You can have it from 30 days and up to a year.
• Indemnity Plans. Also called fee-for-service plans, these allow you to have more control over your health care decisions. You can choose the doctors you want to go to, and once you have met the deductible you submit the medical bills to be paid.
• Associate Plans. These plans have been designed to help groups of people come together in an effort to get better health insurance rates. If you belong to a group or organization, such as being a freelancer or being self employed, you may qualify for this type of low cost plan.

COBRA Insurance in Texas

To qualify for COBRA insurance you have to meet some criteria. This includes having been working for a company that was providing you with health insurance, and had at least 20 employees. It was in 1985 that the federal government passed the Omnibus Budget Reconciliation Act (COBRA). Prior to that, people who lost their job or had their hours reduced lost their health insurance.

It won’t matter if you quit your job or if you were let go. COBRA is a federal law that allows you to keep the health insurance plan you have had, but you will have to pay for the entire cost of it. Most people find that the cost is more than they can afford, making it important to compare rates to low cost alternatives.

COBRA insurance rates can be shocking to many people, because they are higher than they expect. We can help you find low cost alternative health insurance plans in Texas. Our mission is to help everyone find an affordable plant that gives them the coverage they need, with a premium that they can fit into their budget. Contact us to get information on affordable plans.