What To Consider When Shopping For Cheap Health Insurance Quotes Online – Particularly If You’ve Recently Been Laid Off


Unfortunately in this economy, many people are being laid off from their jobs every single day. When this happens, you’re forced to decide whether to purchase health insurance, or go uninsured. It’s never a good idea to be uninsured, as you never know when you could become ill or have an accident. When you’ve been laid off, you may already be struggling to pay the bills – think twice before cutting out health insurance. If you don’t have health insurance, that unexpected illness or accident could be financially devastating. Not to mention, you’ll want to make sure that both you and your family are well cared for.

In the event that you’ve recently been laid off, you will be entitled to receive COBRA benefits. “COBRA” stands for Consolidated Omnibus Budget Reconciliation Act. COBRA provides for the temporary continuation of health benefits that you were receiving as an employee at your job. See, even the government doesn’t want you to be uninsured when it comes to your health! COBRA seems expensive because usually as an employee, your employer was paying most or at least some of the cost of your health insurance. After you’ve been let go, your employer will no longer pay that part of your heath insurance premium. Therefore, COBRA seems expensive in comparison to what you had been paying for your health insurance while you were employed.

Oftentimes COBRA is less expensive than purchasing health insurance for you or your family on your own. The reason this is the case is because through COBRA, you are still part of a group plan, which generally has lower premiums. However, before signing up for COBRA, it would be worth your while to shop for cheap health insurance quotes online. It can’t hurt to determine whether you can receive cheaper insurance than what you’ll get through COBRA. For example, if you are a single man without a family to insure, you may be able to obtain a great cheap personal health insurance quote online that will be less expensive than the health insurance you’d get through COBRA. This is because as part of a group plan, you’d be paying for coverage you don’t need (for example, maternity coverage).

If you’re currently in between jobs and are trying to determine whether to purchase health insurance offered through COBRA, don’t forget to first search for cheap health insurance quotes online. You just may be able to find the best deal on health insurance online.

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