There is great uncertainty concerning the future that comes with the potential loss of health insurance cover as a result of circumstances such as job termination. Fortunately, Cobra Insurance provides a latitude that allows an employee to continue enjoying the health care coverage using the employer’s insurance plan even after parting ways with the employer. Nevertheless, Cobra insurance is quite costly and has rigid requirements. One has to settle the full premium, administrative fees and also cater for the portion that was previously paid by the employer on one’s behalf. Cobra Insurance Alternatives may work for you if you can hardly afford coverage through Cobra Insurance. So, what are these alternatives?

One of the best options is to acquire a short-term health insurance to bridge the lapse between the former employer and the coverage that your next employer will offer you. The greatest advantage of this alternative is the fact that you get approval as soon as you apply. It is as fast as 30 seconds to obtain a quote for this kind of plan online. Moreover, the application is open at all times unlike traditional plans that have specific windows for enrollment. Whats more, it is among the most affordable alternatives to Cobra. It is also important to be cognizant of the fact that this plan may not cover essential health services such as mental health and maternity services and also has time and dollar limits. After all, it is an efficient option to abate coverage gaps.

ACA Marketplace Health Insurance is one of the best alternatives to Cobra insurance that offers comprehensive coverage. Under this plan, one is eligible for the health care insurance through the state’s health package. One may even qualify to get financial aid from the government through reductions or waivers on insurance premiums. However, one has to fall between 100 and 400 percent of the poverty line of the particular federal state or in other terms, one has to have undergone a qualifying life event such as job loss.

Independent Health Insurance is a good alternative for clients who do not match the income criteria to be eligible for premium aid for the ACA coverage but desire a comprehensive plan for a short duration. This option offers an extensive coverage at a lower cost and complies with the ACA coverage plan. Moreover, it has no time limit.

It goes without saying that Cobra Insurance Alternatives are efficient and are wonderful options if you aren’t in a position to cope with the Cobra Insurance terms. They are stand-ins to keep you going.