What if I need long term coverage?

COBRA is often limited to 18 months so is not intended for long term coverage. COBRA insurers may offer longer term coverage through an individual conversion policy but this is often even more expensive than the COBRA plan. The federal subsidy only applies to the first nine months so the rest of the coverage is available at substantially higher prices. Industry reports state that only a very smallnumber of people  eligible for COBRA coverage keep this insurance for the full amount of time allowed.

In cases where long term coverage is required and a conversion policy is not an option, then a COBRA alternative is required. A wide variety of affordable choices are available and discussed elsewhere on this site.

First check to see if you are eligible for any state welfare-type coverage. Information is available through your state insurance department. The next best option would be to find a low cost renewable major medical insurance from a reputable company like Celtic Insurance or UnitedhealthOne. If major medical insurance is unaffordable or unavailable, then a mini-med like Core Health Insurance of Basic Health Insurance is better than no coverage at all.

revised 3/17/09

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COBRA or COBRA alterative gap insurance coverage provides temporary protection when changing jobs, going through a divorce or negotiating other life transitions. Choosing the right health insurance is crucial to guarantee health and financial security.

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