Since 1985, COBRA has enabled workers who are leaving a company that provides group health insurance coverage because of layoffs or career changes to extend their group health insurance coverage for up to 18 months. Thanks to COBRA, now any exiting employee can continue the health insurance coverage they received from their employer until they are able to find a Connecticut health insurance plan that is a suitable replacement. COBRA specifies that in the case of a group health insurance extension, the exiting employee can be responsible for the entirety of the health insurance premium, depending on the employer’s policies.
The provision that the exiting employee is responsible for the entirety of the health insurance premium means that any person extending their group health insurance plan under COBRA is likely paying a substantial sum of money for his or her health insurance plan. The fact is, absent employer contribution to the health insurance premium, COBRA insurance is just too expensive for Connecticutians. MyInsuranceExpert.com can help you in your search for a high quality health insurance plans by providing you with tools and resources that make comparing and contrasting various health insurance plans a breeze. So if you are looking for a health insurance plan to take the place of your COBRA extended group health insurance plan, you've come to the right place at MyInsuranceExpert.com.