Temporary Health Insurance in Florida

Temporary Health Insurance in Florida

You may not want to think about it, but what would happen if you suddenly became ineligible for your employer’s group health insurance plan?  It may not be something that you think about every day, but it is worth considering. Temporary health insurance in Florida may make a great alternative to COBRA for you and your family.

A great alternative to COBRA?

COBRA is the abbreviated name for the Consolidated Omnibus Budget Reconciliation Act of 1986, which states you can be eligible for extended health insurance coverage from your Florida group health insurance plan for various reasons such as:

  • Legal separation or divorce from the covered employee
  • Death of the covered employee
  • Termination or reduction in hours worked, as long as termination reason is not for “gross misconduct”
  • The covered employee becomes eligible for Medicare

Why Is COBRA So Expensive?

Though offering health insurance coverage, COBRA can become complicated and especially expensive. In some cases, you may be responsible for paying up to 102% of the group plan’s premiums. That can be a lot of money, especially if you don’t need coverage for very long. If this is simply too expensive for you, you may want to consider buying a Short term health insurance plan.  It can be a great alternative to COBRA.

How Can Temporary Health Insurance in Florida Be a Great Alternative to COBRA?

Price: Primarily, temporary health insurance may prove a great alternative to COBRA if the COBRA premiums are too expensive for you and your family to pay. Think about the portion that you paid as an employee. More than likely, it was a small fraction of what your employer paid. Combine both portions to obtain the total: Can you afford it?

No Pre-Existing Conditions:  Short term health insurance plans do not cover pre-existing conditions. Therefore, the healthier you are, the better off you will be under temporary health insurance in Florida.

Creditable Coverage: Though temporary health insurance policies do not cover pre-existing conditions, some may count towards “creditable coverage.” This means that when you eventually purchase a traditional Florida health insurance you can prove you had sufficient health insurance coverage during the time since you left your prior group plan.  These conditions, if not covered, may otherwise prohibit you from becoming covered in a future long term health insurance plan.

How Much Does Temporary Health Insurance in Florida Cost?

As a great alternative to COBRA, temporary health insurance in Florida will probably cost considerably less than a traditional plan.  It can be even cheaper if you have low risk factors such as being young, healthy and a nonsmoker.

What Are Some Great Temporary Health Insurance Carriers?

Some carriers offering temporary health insurance in Florida as a great alternative to COBRA are: Celtic Life, Standard Security Life of New York, HCC Life Insurance Company, United Healthcare, Assurant, and Blue Cross Blue Shield of Florida.

For More Information

Temporary health insurance in Florida can be a great alternative to COBRA, but make sure you discuss all your options with an experienced and knowledgeable health insurance adviser. Call us today at (888)-564-2326.    If you would like to get an instant quote visit Florida Temporary Health Insurance Quote.