With life changing all the time, it is essential to know what type of health care coverage plan is best for you. Whether it be marriage or divorce, to losing a job or having a child, there are numerous life changes that can affect what type of healthcare is the most appropriate for you.
Brazelton Insurance is here to provide you with various healthcare coverage plans that fits your needs.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
If you just lost your job and had healthcare coverage through your employer, you may be in a tough spot. However, you may be eligible for COBRA which will allow you to buy healthcare coverage after a sudden life change. This will go through your former employer for 18 months after the termination. COBRA is an expensive healthcare plan, you will have to pay higher rates for this coverage.
Affordable Care Act (ACA)
If you experience a major life change, you may be able to enroll in Affordable Care Act sixty days after the event happens. This option is less expensive than COBRA, however, your healthcare coverage options are likely to change. It is crucial to check to see if your healthcare providers and medications are available under the plan you consider.
If you are getting back to employment in the near future, a short-term plan is the most appropriate option for you. This can be a less expensive option and can be a temporary plan as you await a longer-term option.
It is important for you to determine what type of healthcare coverage plan is the most appropriate for your needs. To decide what plan is best for you, talk to your insurance agent because they may have other alternatives you have not considered.
For more information or questions on the best healthcare coverage plan for you, contact us at Brazelton Insurance Group today.