Compare Short Term Medical Insurance vs. COBRA

COBRA is a health insurance option that allows employees who are no longer working to continue their employer's health insurance coverage. Choose Short Term Medical Insurance over COBRA and you could save money.

	Short Term Medical Insurance	COBRA Insurance*
Type of Coverage	Valuable coverage, including inpatient and outpatient care	All previous benefits
Significant Exclusions	Pre-existing conditions, and Wellness benefits	All previous exclusions
Pre-existing Condition Coverage	Pre-existing conditions not included	Treatment for pre-existing condition covered only if elimination period (if any) is met
Choice of hospitals and doctors	Free to choose any doctor and hospital	If previous coverage was PPO or HMO, choice may be limited to in-network providers
Price	Up to 70% less expensive than COBRA coverage**, depending on insured’s age and state of residence.	Up to 102% of total price of "employer’s contribution," which can be up to 70-80% of the total premium.

* These are common provisions. Check your current COBRA insurance plan to confirm its terms and conditions.

** If you purchase Short Term Medical rather than maintaining COBRA coverage, you may give up your rights to coverage for pre-existing conditions or guaranteed health insurance in the future.