07/26/2020
Just lost your work and not sure whether you should get COBRA or ACA
(Affordable Care Act) plan for you and your family? With COBRA nothing changes with your health insurance coverage, but now you are responsible for paying the full monthly premium. In addition, you also have to pay a 2% COBRA administration fee. On the other hand, the cost of ACA health insurance depends on the type of plan you choose. They can range from catastrophic plans with low premiums and high deductibles, all the way to gold tier plans with higher premiums and more comprehensive coverage. Depending on your situation you can qualify for subsidy with ACA plans. As an alternative however, you are not limited to these two options. We have viable solutions that we would be happy to discuss with you. Please contact us for a free consultation.