Under COBRA, any exiting employee that is insured by a group health insurance policy offered by the employer at the time of their departure has the right to extend that coverage for up to 18 months so long as they pay the entirety of the premium as well as a processing fee. This law was designed to protect workers from the threat of health insurance loss often associated with job changes and to encourage people to make health insurance a matter of personal responsibility. COBRA accomplishes this by ensuring that you have time to find an adequate replacement to your group health insurance plan or a new job.

The costs though can be huge as departing employees are now responsible for paying the entire health insurance premium. This costs means that it can only be a temporary solution. MyInsuranceExpert.com understands the difficulties those on COBRA face in finding a high quality New Mexico health insurance plan. We have designed a tool to make finding affordable premium health insurance plans as easy as clicking a button. Find your COBRA alternative now with MyInsuranceExpert.com.