COBRA Termination - How to Maintain Health Coverage After COBRA Expires

If you had been receiving health insurance coverage through COBRA, termination of your benefits is an inevitable eventuality that you must most surely have to face. Up until now, you had been enjoying the benefits of continued health coverage from your former employer. But COBRA, as mandated by government law, is intended only to help ex-employees "bridge the gap" until you find new health insurance coverage on your own, for a specified grace period.<br><br>If you have not yet been able to obtain insurance coverage through a new employer by the time COBRA termination of coverage s set to occur, then you will need to explore other options. If you are married and your spouse works at a job that offers health insurance, perhaps you may need to become a dependent on your spouse's employer's insurance plan, if available.<br><br>Obtaining your own private, individual insurance plan is the other option you can exercise.<br><br>As you may have no doubt already discovered for yourself first-hand, individual health insurance can be significantly more expensive than the group insurance plans offered by employers. You have experienced this already first-hand with COBRA, having to pay the entire cost of insurance coverage on your own. And you will experience this again when your COBRA termination takes effect and you must go out shopping for private insurance.<br><br>COBRA termination can indeed be a time of uncertainty if you have always been accustomed to receiving you insurance benefits through an employer.<br><br>The good news is that COBRA termination may actually end up saving you money in the long run. When it comes to shopping around for private health insurance, you really have a much greater array of options in terms of health plans to choose from. In most, if not all, cases, these may end up saving you money over what you were paying under your COBRA insurance plan.

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