COBRA makes it possible for you to continue your group health insurance if you suffer layoffs or decide to change careers. The Federal Consolidated Omnibus Budget Reconciliation Act of 1985 was a law designed to give workers the right to take their health insurance coverage with them for up to 18 months if they were to choose to leave the company or suffer from company layoffs. COBRA as it is now known, protects departing employees from the possibility of being uninsured by guaranteeing portability of health insurance coverage. As per COBRA, an employer is obligated to cooperate fully with an employee seeking to extend their group health insurance coverage and the employee agrees to pay the full health insurance premium plus a processing fee.

Unfortunately, most people cannot afford to pay for group health insurance during a time of joblessness. Since group health insurance plans are normally discounted by an employer, the costs of extending COBRA coverage can be prohibitive. The prohibitive costs basically necessitate that the departing employee find an affordable alternative as quickly as possible. MyInsuranceExpert.com makes it easy to find alternatives to COBRA coverage by giving you tools to quickly and easily compare health insurance plans from a variety of providers on attributes like price, deductibles, co-pays and other plan benefits. MyInsuranceExpert.com is dedicated to giving you the options you deserve when moving between companies so that you do not need to rely exclusively on expensive and cumbersome COBRA coverage.