When faced with the prospect of losing employer-provided health insurance, many turn to COBRA as a bridge between plans. But here's something you might not know: COBRA isn't always the best option.
While COBRA allows you to continue your current coverage for a certain period, it's often much more expensive than other options. Why? Because you are now responsible for the entire premium amount, including the portion your employer used to pay.
COBRA may also tie you to benefits that don't necessarily meet your current needs. For instance, you may need different coverage now than you did when you initially enrolled in your employer's plan.
Moreover, depending on your income, you might be eligible for premium tax credits if you choose a Marketplace plan instead of COBRA. This could make a significant difference to your monthly outgoings.
The bottom line is, it's critical to explore all your options before making a decision. As your health insurance advisor, I can help you navigate this complex process, comparing COBRA to other insurance options, and ultimately guide you towards the best choice for your unique situation.
Remember, health insurance isn't one-size-fits-all. Make sure you're not paying more for less. Let me help you find the right fit.
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