Temporary Health Insurance vs. COBRA - Which is Right for You?
Most people are already familiar with COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act. This law provides for the continuation of group health insurance coverage for employees who are no longer working for a company, and whose benefits would otherwise be terminated. While this option is always there for employees who need it , it is usually too expensive for the recently unemployed.
On the other hand temporary health insurance is a more affordable option for medical insurance that becomes effective immediately. It requires no pre-screening and can be kept for as little as 30 days or as much as 180 days. It can be paid monthly or in a single installment, and it is the ideal coverage option for people who are between jobs or laid off temporarily. Students who have recently graduated from college and haven’t yet found a job with benefits, or new employees waiting for their coverage to begin can buy a temporary health insurance plan for an interim period.
The best way to find a temporary health plan in Arizona is to work with an experienced AZ health insurance broker.