how-can-i-secure-health-insurance-following-my-“cobra”-expiration?-–-health-scout-insurance

How Can I Secure Health Insurance Following My “COBRA” Expiration? – Health Scout Insurance

Do you want to know how to get your own health insurance following the lapsing of your COBRA insurance coverage? In all honesty, you don’t need to feel swamped about it in any way.  Here is why. 

After your COBRA health insurance expires on you, you will be entitled to enjoy the benefits of a “Special Enrollment Period” (SEP) under Obamacare. This should work to your advantage because it will allow you to enroll in a new health plan via the Marketplace. 

Did you know what is required to get in to the “Special Enrollment Period”? Please be guided that at the conclusion of your COBRA coverage, you only have 60 days to sign up for another plan through the Marketplace. 

Bear in mind also that the Marketplace sells only Affordable Care Act-compliant plans that provide you with the greatest level of consumer protection and cost savings. To learn more and thus be able to come up with an informed decision about this, we suggest that you download our free step-by-step guide to enrolling in Marketplace health insurance.

You can reach the Health Scout Consumer Advocate Group at (816) 608-7888. They have a dedicated team that can readily give assistance when you need to shop on the Marketplace during your “Special Enrollment Period”. Enlisting their help and guidance is a surefire way to  make sure you can get the most relevant but comprehensive health coverage.

Alternatively, if you want to compare rates, health insurance plans, and subsidies that are available to you, you may go here instead. Various individual and family health insurance policies can be found at the Health Insurance Marketplace. To learn more about the plans that are on offer in your region, enter your zip code below.

If you miss a payment or deliberately decide to stop paying your COBRA premiums, you run the risk of jeopardizing your entitlement to a Special Enrollment Period. However, it should not keep you from signing up for an insurance plan during the yearly Open Enrollment Period, which usually runs from November 1 to December 1. Besides, it will also help you know if you have any entitlements to Medicare or Medicaid. 

The Consolidated Omnibus Budget Reconciliation Act, more commonly known as “COBRA”, was passed in 1986. It is important to understand that if you receive job-based health benefits from your employer and lose them, you may qualify for “COBRA” insurance. However, many consumers find “COBRA” insurance prohibitively expensive.

While it gives you the chance to maintain your prior health plan with your previous insurance provider, you’ll be responsible for paying 100 percent of the premiums connected with it (including the portion your employer used to cover for you) plus also the additional administrative charges. This guide will help you learn the fundamentals of COBRA insurance coverage. 

Dozens of certified insurance experts make up the Health Scout Consumer Advocate Team. And if you want to reach them fast for an inquiry, we suggest that you  give them a  phone call at (816) 608-7888. This dedicated team of insurance experts will help you find the most cost-effective solution for your health insurance concerns. 

Article Source

Similar Posts