COBRA legislation was enacted in 1985 as a way to protect workers from the threat of losing health insurance in the event of a job change. The legislation makes it possible for departing employees to extend their group health insurance policy for up to 18 months while they search for a new job or a new health insurance plan. As part of extending the group health insurance plan under COBRA, the departing employee assumes full responsibility for the entirety of the premium, thus making COBRA health insurance only an effective temporary solution.
The high costs of group health insurance plans extended under COBRA necessitate that the departing employee find alternative health insurance so as to reduce the financial burden that COBRA imposes. MyInsuranceExpert.com can help you find a cost-effective and high quality health insurance plan to supplant your COBRA insurance with just a few clicks of the button. The experts at MyInsuranceExpert.com know all about Nebraska health insurance and will assist you at every step in your search for finding replacement health insurance. So if you think you are paying too much in health insurance, start your search today at MyInsuranceExpert.com.