If you have recently lost your health insurance through your employer as a result of cut backs or termination of employment there are numerous options available to you to acquire major medical health insurance. You have the choice to shop around for an individual insurance policy or you can go through the COBRA option offered by your employer. The important thing to remember is to always look at all of your options.

COBRA health insurance allows you to continue the coverage offered by your employer for a period of 18 months, and 9 of those months are going to be a discounted rate of 65%. However, the average cost for a family on COBRA on average is around $1200 a month, so the discount may be helpful but the plan still may be financially out of reach. This is why looking into purchasing your own individual health insurance plan is so important.

Individual health insurance plans are less expensive than going through COBRA, and they can be customized to fit your personal situation. Furthermore, if you acquire a pre-existing condition while on COBRA it may make you ineligible for an individual plan potentially leaving you uninsured.

I understand that looking for health insurance can be very overwhelming. That’s why at MyInsuranceExpert.com we have free licensed Advisors to help you sort through the hundreds of available options, and hopefully get you qualified with a plan.