I was laid-off in Aug 2012. At that time, I signed up for Cobra and used it for a few months. I also was nervous that at the end of Cobra I would need subsequent insurance, so I applied for Kaiser. Initially, I was declined by Kaiser, then after I appealed, they accepted me. Though I was going to pay more with Kaiser, I wanted to ensure that I had coverage for the long term, so I migrated. Now, because of ACA, my rates are skyrocketing (+90%) and I no longer run risk of not having coverage. So, can I go back to COBRA reduce my increased costs?
COBRA is a federal law that requires employers with 20 or more employees to offer the continuation of the same group health care coverage after you’ve voluntarily or involuntarily left your job, or have had your work hours reduced. Once you’ve obtained other coverage, COBRA coverage may be terminated. If it is terminated, you may only become eligible for COBRA again through a qualifying event, such as being terminated from a job, or a reduction of hours.
Other Insurance Options
With the Affordable Care Act, you are required to have a Qualified Health Plan (QHP) or face a penalty. Get a quote on qualified short-term medical plans.