If you are laid off or decide to pursue a new career path, you are able to take your group health insurance coverage with you for a period of time thanks to COBRA. As per the Federal Consolidated Omnibus Budget Reconciliation Act of 1985, aka COBRA, all exiting employees have the right to extend group health insurance coverage for up to 18 months while seeking a new job or an alternative health insurance plan. This law was enacted in order to protect workers from the fear of losing their health insurance if they switch jobs. By allowing employees to extend group health insurance, those employees are able to continue coverage under an existing health insurance plan until such a time that a suitable alternative is found. The one difficulty many people face when extending group health insurance coverage via COBRA is that they law also states that the employee is responsible for up to 100% of the premium.

The problem with COBRA, obviously, is that most people who are in a position to exercise COBRA rights are unable to pay the entire group health insurance premium for any prolonged period of time. The prohibitive costs of a group health insurance plan make finding an alternative health insurance plan of the utmost importance. 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.