In March, the federally funded 65% subsidy for COBRA insurance began for workers who lost their employment between September 2008 and December of 2009. However, this subsidy only lasts for a period of 9 months, and as a result many Michiganians are now being faced with the dilemma of whether or not they will be able to afford their new unsubsidized insurance premiums.

According to recently released reports, the average premium for families on COBRA will skyrocket from roughly $360 to over $1,000 a month. With many workers still struggling to find employment, such a drastic jump is simply unrealistic to afford; specifically, the new insurance premium will essentially consume their entire unemployment check.

Now there is a lot of talk about people who will have to go without insurance because they cannot afford to stay on COBRA. Being uninsured is an extremely dangerous maneuver for people to take, and I think there should be more discussion on what the private sector of insurance has to offer for these families.

At MyInsuranceExpert.com you have the ability to sort through every top rated insurance carrier available to you, and with the assistance of a free licensed Advisor, you are able to identify a plan that will offer your family the right balance between cost and coverage. Individual health insurance plans can offer similar, if not better, benefits than your current plan. In addition, they are literally a fraction of the cost of your unsubsidized COBRA coverage.

To find an affordable health insurance plan that will give your family the protection they need, visit us at MyInsuranceExpert.com.