Compare COBRA vs. Alternatives
| Coverage is continuous and guaranteed renewable as long as premiums are paid. |
Up to 12 months, at which time policyholders can apply for new coverage. Varies by state. |
Up to 18 or 36 months, subsidized for up to 9 months. |
| Comparable to COBRA with subsidy, often less costly without subsidy; rate guaranteed for up to 36 months. |
Often less costly than COBRA, even with subsidy. |
Usually most expensive option. |
| Flexible to suit individual needs, portable and not workplace-dependent. |
Flexible to suit individual needs, portable and not workplace-dependent. |
May be benefit-rich, not tailored to individual needs. |
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COBRA coverage may be the best option for people with health conditions that might make them ineligible for other insurance plans, who are in a course of treatment or who have significant pre-existing conditions.
To preserve your right to a guaranteed-issue plan under HIPAA, you must exhaust your COBRA coverage.
For costs and further details of the coverage, including exclusions for pre-existing conditions, any reductions or limitations and the terms under which the policy may be continued in force, contact Assurant Health.
