COBRA stands for The Consolidated Omnibus Budget Reconciliation Act.
COBRA gives workers and their families who lose their group health benefits the right to choose to continue the coverage provided by their group health plan for a limited period of time and under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events. Qualified individuals may be required to pay the entire premium for coverage up to 102% of the cost to the plan.
Cheaper alternatives to COBRA
On October 12, 2017 President Donald Trump signed this Executive Order designed to restore consumer choice in the Short Term health insurance marketplace.
Short Term health insurance is the only kind of non-ACA (Obamacare) qualified health insurance available in the individual marketplace.You have the option to purchase a short-term medical plan for up to 12 months (renewable up to 36 months depending on your state).
Short Term Medical insurance includes flexible plan designs and options to help you find the plan that fits your needs, budget, and in this case, your time frame.
- Coverage available from 30 days to 12 months
- Network helps you get the care you need for less
- Choose from a variety of deductible and coinsurance options designed to help you find the plan that fits your budget
Short Term health insurance is considered major medical health insurance but it is not ACA-qualified. As such, Short Term health insurance does not cover preexisting conditions and you do have to answer basic health questions to qualify.
National General Consecutive Short Term health insurance policies use the Aetna Open Choice PPO network.
This network includes access to doctors other hospitals that many of the ACA plans do not cover.
National General’s Short Term Medical insurance includes:
- Doctor visits and some preventive care
- Emergency room and ambulance coverage
- Urgent care benefits, and more
National General Health Insurance Feature Highlights
- Coverage Period Maximum of $250,000 and $1 million per year
- Deductible options - $1,000, $2,500, $5,000, or $10,000 (higher deductibles lower your premiums)
- Get coverage as soon as the next day
- Coinsurance Percentage of In-Network plan 100/0, 80/20, 70/30, and 50/50
- Doctor Office Visit and Urgent Care Co-pay of $50
Choose Your Provider
National General’s Short Term Medical insurance gives you access to the Aetna Open Choice PPO network, one of the largest networks in the country with no referral required. Aetna PPO Provider Finder