If you opt for Cobra or buy another individual health insurance

Whether you left your job voluntarily or I kicked because of the economy, maintain health coverage for you and your family must be one of their main concerns. Even if youre broke, can not afford to not have health coverage. All you have is a bad flu season or a serious accident to make a bad situation worse. Choose the best type of insurance for your family is as important as the decision to maintain. Is it better to enroll in COBRA, or if you go ahead and buy individual health insurance?

COBRA requires employers to let you stay in your health coverage for up to 18 months after you stop working for them. For most families, this cover acts as a safety net to cover them until they are able to sign for a different cover. individual health insurance, by contrast, is private insurance that is purchased directly from the insurance company. If you are an employee or labor will be covered as long as you continue paying premiums.
It is unclear whether individual health insurance is better than the Cobra, or vice versa, because each persons situation is unique and the two cover types have advantages and disadvantages. Under COBRA, maintaining exactly the same coverage under his employer. The difference is that their employer no longer pay the bill, which lets you charge the full cost of insurance. This can be very expensive and may not change its plan to something cheaper. In addition, coverage is only available for a limited time.

The individual health insurance policy you can customize to get what you need, which can lead to insurance premiums cheaper than the Cobra. And, as mentioned above, until you pay the premiums you continue to treat all his life. The main disadvantage of this option, if you have any pre-existing conditions, you may be unable to secure insurance. This of course depends on the type of pre-existing condition you have, but it is quite possible that ultimately excluded, or more money than you do your insurance policy with COBRA. The best way to find the best insurance options available to you and talk about familiar health insurance agent can help you find the policy that suits your needs.

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