Don’t Let COBRA Sticker Shock Catch You Off Guard

Smarter Health Coverage Options You Should Know About

Losing employer-sponsored health insurance can be stressful, especially when you open the COBRA letter and see the price tag. While COBRA allows you to keep your current coverage, it often comes with significantly higher monthly costs.

The good news? COBRA isn’t your only option. In many cases, there are more affordable alternatives that still provide the coverage you need.

Let’s break it down.

Why Is COBRA So Expensive?

With COBRA, you’re paying the full cost of your health insurance premium, plus administrative fees. Employers typically cover a large portion of that cost while you’re working, once that ends, the financial responsibility shifts entirely to you.

For many individuals and families, that sudden increase can be overwhelming.

Alternatives to COBRA You Should Consider

Depending on your age, health needs, and budget, one of these options may be a better fit:

1. ACA Marketplace (On-Marketplace) Plans

These plans are available through the Health Insurance Marketplace and may qualify you for income-based subsidies that lower your monthly premium.

2. Off-Marketplace Plans

Private health plans offered directly through trusted insurance carriers. These can be a strong option for those who don’t qualify for subsidies but want flexible coverage.

3. Non-ACA Options

Nontraditional policies that can provide meaningful coverage, often at a lower cost, depending on your situation.

4. Short-Term Health Plans

Ideal for temporary needs, short-term plans offer flexible, lower-cost coverage while you transition to a long-term solution.

5. Medicare

If you’re eligible for Medicare, navigating your choices can feel complex. Licensed Medicare specialists can simplify your options and help you find coverage that fits your healthcare needs and lifestyle.

6. Additional Protection Products

Supplemental plans like Accident, Critical Illness, or Life insurance can help protect you financially from unexpected medical expenses.

Why It Helps to Talk to a Specialist First

Every coverage situation is different. What works for one person may not work for another.

A licensed health insurance specialist can:

• Review your specific situation

• Walk you through all available options

• Compare plans side by side

• Help you find coverage that fits both your needs and your budget

Stay Covered, Without Breaking the Bank

If you’re facing a COBRA decision, don’t rush into it alone. Exploring your options could save you hundreds of dollars each month, while still keeping you protected.

Toll-Free: 888-566-4060
Email: info@mycarepro.net

Services available in Michigan and Ohio
Expanding to other states soon