Have you recently lost your job and in turn you lost your health insurance coverage?  Now you are thinking now what?

You have heard about COBRA but don’t know what it means and what it does for you.  COBRA stands for the Consolidated Omnibus Budget Reconciliation Act of 1985. If you resign from a job or are terminated for any reason other than “gross misconduct,” you can continue under your former employer’s health-care coverage.  In most cases your spouse and dependent children are also COBRA-eligible. The idea of COBRA is to continue a form of coverage until you arrange for some other sort of health insurance. If you choose to go with COBRA you need to be aware your premiums will be more expensive that what you were paying while you were employed as now you pay both your and your former employer’s share.

But there are other options available for you too.  Depending on your circumstances you may want to look at a short term major medical plan or you may want to look at an individual health insurance plan.

Finding what option is best for you based on your unique situation, it might be COBRA, it might be short term medical, or it might be your own individual plan it depends on your circumstances and your situation.  Let us help you determine which plan options is right for your situation.  Contact our office at (641) 856-3375 and let’s talk about your situation, finding what is right for you.