I’m currently collecting disability and my cobra coverage is running out. What are my health insurance options?
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Asked October 8, 2013
Even when you are making your premium payments, COBRA benefits can suddenly end if your old employer goes out of business or decides to stop offering group health insurance benefits. This is one reason why it is a good idea to replace COBRA as quickly as you can. Even if you are unemployed, you can apply for group health coverage through other sources. When the ACA goes into full effect, getting health insurance will not be such a burden.
Shop online on a website like this one and get some free online health insurance quotes, On this site, the quote you receive is compared to quotes from competing insurance companies to give you a broader view of what the coverage could cost. If you cannot find the coverage you need online, many organizations such as the AARP and AAA make group insurance available to their members.
COBRA insurance is expensive, and you may even be able to save money with an individual health insurance plan if your disability permits it. Individual policies tend to be more restrictive than group policies, and may deny coverage for a range of reasons, including preexisting medical conditions.
Once the Affordable Care Act is fully functional, you will be able to purchase health insurance from existing suppliers as well as choosing from a state or federal health insurance exchange if you are not able to get traditional coverage on your own. THE ACA is not intended to replace any health insurance plans, only to make it possible for a wider range of people, including those with disabilities, to get vital health and medical coverage. You will still have to make your policy premiums just as you have always done, but getting adequate coverage is supposed to be simplified for everyone.
Answered October 8, 2013 by Anonymous