COBRA insurance is available in Utah for those who have lost their job or have had their hours reduced. Many people fear losing their health insurance once they no longer have their job. COBRA is a federal law that allows you to keep it, but you will have to pick up the tab for it. Many people find the premiums to be too expensive, making it important to learn about COBRA insurance alternatives in Utah.
The cost of COBRA insurance in Utah is 102% of what the policy is. This amount includes what you were paying for the plan, what your employer was paying, and an administrative fee of 2%. When you add these fees up, many people find that it doesn’t fit into their budget. If you feel COBRA insurance is not affordable, there are alternative plans to consider that will be more budget friendly.
If you are one of the many people who feel COBRA insurance plans are too expensive, we can help. There are numerous COBRA alternatives in Utah to consider, and we are experts in helping you find one that will fit your budget and needs. Some of the alternative options to consider that are more affordable include:
Finding a health insurance plan that meets your budget and covers all of your needs doesn’t have to be difficult or expensive. We specialize in helping people find a health insurance plant that will work for them. When you speak with one of our knowledgeable team members they can help you find a health insurance plan that is perfect for you within minutes. They will be able to find you a plan that fits our budget, provides the coverage you need, and is simple enough to understand. We have the best COBRA insurance alternatives in Utah. Contact us today for a free quote!
Consolidated Omnibus Budget Reconciliation Act (COBRA) became a federal law in 1985. Prior to the law being enacted, when people lost their job or had their hours cut they would also lose their health insurance. What this law did is allow people to keep the health insurance that they had, but they would have to assume the total costs for the policy.
Not everyone is eligible for COBRA insurance in Utah. To qualify, you have to have been working for a company that had at least 20 employees, and was providing you with health insurance. It doesn’t matter why you no longer have the job, whether it was voluntary or not, or why your hours were reduced.
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