| Summary: Which option is best for you? |
|
Uninsured
|
COBRA
|
Individual Plan
|
|
| Monthly Premium | No Monthly Premium | Generally Substantial Monthly Premium | Monthly Premiums based on your health plan needs |
| Duration of Coverage | None | 18-36 months |
As long as desired |
| Coverage | None. You pay 100% of your healthcare costs and have no protection from catastrophic loss | Coverage option limited to prior plan | Coverage option based on your needs |
| Qualification Requirements | None | Guaranteed coverage
for the specified period as long as premiums are paid on time and
other eligibility rules are met. Can qualify you for guaranteed individual coverage when the COBRA term expires. |
Applicant must answer health questions and may be denied |
| COBRA Comparison | COBRA FAQ | Glossary |