I received a call today from someone who didn’t know they had options when their COBRA coverage ended. I receive these calls on a regular basis. Most people opt for COBRA when their employment terminates and they don’t have another viable option. COBRA is an option that is well known and employers are required to make this continuation of coverage available to all eligible employees. The alternative to COBRA is an individual/family plan if one doesn’t obtain new employer coverage.
Recently, I helped a couple in their 60’s navigate through the maze of health insurance options. They are currently on COBRA, but they are moving to Alabama shortly (from Atlanta). After their COBRA coverage expires, they will still have a couple of years before they are eligible for Medicare. A couple of fairly serious pre-existing conditions will make it challenging to find adequate coverage in the individual market. So, I helped them determine what options they would have for State-Guaranteed Coverage in case it would be needed. |
