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Home > Health Insurance > COBRA Termination - How to Maintain Health Coverage After COBRA Expires COBRA Termination - How to Maintain Health Coverage After COBRA ExpiresAuthor: Howard Kaufman If you had been receiving health insurance coverage through COBRA, termination of your benefits is an inevitable eventuality that you must most surely face. Until now, you had been enjoying the benefits of continued health coverage from your former employer. But COBRA, as mandated by government law, is intended only to help ex-employees "bridge the gap" until you find new health insurance coverage on your own.If you have not been able to obtain insurance coverage through a new employer by the time COBRA termination of coverage s set to occur, then you will need to explore other options. If you are married, perhaps you may need to become a dependent on his or her employer's insurance plan, if available. Obtaining your own private, individual insurance plan is your other option. As you may have no doubt already discovered first-hand, individual health insurance can be significantly more expensive than the group insurance plans offered by employers. You have experienced this already first-hand with COBRA, having to pay the entire cost of insurance coverage on your own. And you will experience this again when your COBRA termination takes effect and you must go out shopping for private insurance. COBRA termination can be a time of uncertainty if you have always been accustomed to receiving insurance benefits through an employer. The good news is that COBRA termination may actually end up saving you money. When it comes to shopping around for private health insurance, you have a much greater array of options in terms of health plans to choose from. In some cases, these may end up saving you money over what you were paying under your COBRA insurance plan. Not sure which one is right for you? Compare health plans now and get a free insurance quote. Other Recent Insurance Smart Book Articles:
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