How can I apply for COBRA? I just put in my 2 weeks notice at my job and I really need an insurance. I have been searching for insurance but they are very expensive. I have a 2-year-old son and I really need the insurance my two weeks are almost due by the end of this week. My co-worker just told me about COBRA and I really need the help. Please help me find a solution!
First, understand that COBRA is not an insurance company. COBRA is a federal law that requires employers with 20 or more employees to offer the same group health care coverage after you’ve voluntarily or involuntarily left your job, or have had your work hours reduced.
Because COBRA is simply a continuation of the same coverage you had through a previous employer, you would need to sign up for COBRA with the plan Administrator. Legally, your employer will have 45 days to get you that information. If you do choose to elect COBRA, it will cover you retro-actively to the day you lost your coverage.
Cheaper Than COBRA
If you are fairly healthy and still want to remain insured, alternatives to COBRA insurance may be available based on where you live. Short-term health insurance is a popular option and available in most states. This can protect you from high medical costs of new injuries or new illnesses that unexpectedly occur while allowing you to use any licensed doctor. Coverage is available up to $1 million per person. For more information and pricing, you can call us at 1-877-262-7241 or complete a free quote online.