COBRA Insurance and Low Cost Alternatives in West Virginia

COBRA Insurance and Low Cost Alternatives in West Virginia

Those who live in West Virginia who lose their job, whether voluntarily or not, may qualify to keep their health insurance plan through COBRA insurance. If you feel that the COBRA insurance rates are unaffordable you are not alone. Many people feel the rates are not budget friendly. This is because the total cost of the COBRA insurance policy is 102% of the plan. This amount is determined by what you had been paying for the plan, what your employer was paying for it, and a small administrative fee. The good news is that there are inexpensive plans available for you to choose from.

COBRA Insurance Alternatives in West Virginia

Whether or not you feel you can afford the COBRA insurance rates it is a good idea to get some information about low cost alternatives. That way you will have something to compare and you will be in a good position to choose a budget friendly plan. Our team of experts specializes in helping people find low cost COBRA alternatives in West Virginia. There are numerous options we can provide you with quotes for, including:

• Short Term Insurance. These plans are available for as short as 30 days and up to a year. They help to fill in the gap between jobs. This low cost health insurance option is affordable and provides you with all the coverage you need.
• Indemnity Plans. With an indemnity plan you can go to any doctor or hospital you want. Once you meet your deductible you will submit your bills to be paid. These low cost plans are also called fee-for-service.
• Associate Plans. If you belong to a group or association you may be able to get a discounted health insurance rate. Associate plans allow people from groups to come together to get reduced health insurance rates.

COBRA Insurance in West Virginia

In 1985, the federal government enacted the Consolidated Omnibus Budget Reconciliation Act (COBRA). This federal law allows you to keep your health insurance when you no longer have your job, or your hours have been cut, as long as you pay for the entire cost of it. Prior to this bill, people would have simply lost their health insurance.

This is also true for those who have had their hours reduced. Many people find COBRA insurance to be more than can fit into their budget, so it’s important to get information about low cost alternatives in West Virginia. That is the best way to find a budget friendly plan that will work for you.

COBRA insurance qualifications include that you were working for an employer who had at least 20 employees, and they were providing you with health insurance. We can also help answer your questions and ensure that you understand COBRA insurance and low cost alternatives. Contact us today so we can find a great budget friendly plan for you.