What are the disadvantages of Cobra?

COBRA will be more costly than what you paid for coverage when you were an employee. Employer-sponsored health insurance is often provided at a portion of the actual cost because the employer pays for part of it. The former employer is not required to keep paying this portion of your premium under COBRA.

Is Cobra worth getting?

COBRA can save you money on out-of-pocket costs. Employer-sponsored health plans may provide broader networks than non-group health plans if you travel out of state or have more than one home.

Is COBRA worth getting?

COBRA can save you money on out-of-pocket costs. Employer-sponsored health plans may provide broader networks than non-group health plans if you travel out of state or have more than one home.

Is there a cheaper alternative to COBRA?

Instead of enrolling in COBRA continuation coverage, there may be other more affordable coverage options for you and your family through the Health Insurance Marketplace, Medicaid, or other group health plan coverage (such as a spouse's plan) through what is called a “special enrollment period.” Some of these options …

What are the benefits of COBRA?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss,

How long can you be on COBRA in Florida?

How long does COBRA coverage last? COBRA requires that continuation coverage extend from the date of the qualifying event for a limited period of 18 or 36 months.

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