COBRA Insurance and Low Cost Alternatives in Virginia

COBRA Insurance and Low Cost Alternatives in Virginia

Those who live in Virginia who lose their job or have their hours cut may qualify for COBRA insurance. The COBRA health insurance rate seems high, because it’s comprised of what you have been paying for it, what your employer was paying, and a small administrative fee. This all adds up to 102% of the total policy cost. The good news is that you don’t have stick with that option. You can choose another route, opting for low cost COBRA alternatives in Virginia. We specialize in helping people find an affordable health insurance policy that will fit their budget.

COBRA Insurance Alternatives in Virginia

Whether or not you feel you can afford the COBRA insurance rate, it’s a good idea to get a quote for low cost alternatives. That is the only way you will be able to make the best decision for your situation. Our team of specialists can provide you with a quote for more affordable health insurance options in Virginia, which include:

• Short Term Insurance. The goal of a short term health insurance plan is to provide you with coverage in between jobs. The plans are cost effective and allow you to keep it for as little as 30 days or up to a year.
• Indemnity Plans. These plans allow you to go to the doctor of your choice and once you meet your deductible you submit the medical bills for payment. These plans are also referred to as fee-for-service.
• Associate Plans. If you belong to a group or organization you may be able to get a lower rate through an association plan. These plans have been designed for people to come together in order to get better rates. They are ideal for those who are self employed, freelancers, artists, etc.

COBRA Insurance in Virginia

The Omnibus Budget Reconciliation Act (COBRA) was passed in 1985. Prior to that, if someone lost their job or had their hours reduced they would lose their health insurance. The federal government enacted that law to make sure people could keep their health insurance, as long as they paid for the total cost of the plan.

The plan is available to those who qualify, whether you have quit your job or you were let go. The federal COBRA insurance law allows you to keep the health insurance plan that you have, but you will be responsible for paying the total cost of it. It’s a good idea to compare the rate with low cost alternatives in Virginia.

In order to qualify for COBRA insurance, people have to have worked for a company that had at least 20 employees, and was providing them with health insurance. We specialize in helping people find low cost health insurance plans in Virginia, whether they qualify for COBRA insurance or not. Contact us so we can help match you to an affordable plan.