BOCA RATON, Fla. - People leaving an employer plan generally have three broad paths: continue the group plan through COBRA, buy a Marketplace plan or choose a private plan. Health Insurance Now, a licensed health insurance brokerage, published a side-by-side comparison of cost, networks and enrollment timing for each, intended to help workers decide with the facts in front of them.
COBRA continuation generally lets a person keep the same group plan, though the worker typically pays the full premium plus an administrative fee. Marketplace plans follow a government enrollment calendar, with special enrollment periods available in some situations. Private plans, the company says, are available year-round and are not tied to that calendar. Each path has a different mix of continuity, price and flexibility, and Health Insurance Now says no single option is best for every household.
"When people search for alternatives to COBRA insurance, they are rarely looking to abandon their doctors," said Matthew Sechter, CEO of Health Insurance Now. "They want to see what else exists and what it costs, and then decide. Our job is to put the choices in one place and explain them without jargon."
Networks vary across all three options. Health Insurance Now points to private PPO networks with nationwide access and says about 90% of doctors accept private plans. The company also states that private plans are often 30% to 50% less expensive than Marketplace plans with a similar deductible. Savings, eligibility and availability vary by state, plan and individual, and some private plans exclude pre-existing conditions.
Timing is the third factor. Coverage through a private plan can often begin within 24 to 48 hours of approval, according to the company. "A comparison only helps if it is honest about trade-offs," Sechter said. "COBRA may win on continuity, and a private plan may win on price. We lay both out, along with the Marketplace, and let the person weigh them against what matters most to their family."
Agents compare plans from more than 25 national carriers by phone, provide quotes in minutes and handle enrollment paperwork for applicants who choose a private plan. Support continues after enrollment so customers can ask questions as they begin using their new coverage.
About Health Insurance Now
Health Insurance Now is a Boca Raton, Florida-based licensed health insurance brokerage that helps individuals and families compare private health insurance plans from more than 25 national carriers. Using proprietary matching technology and live licensed agents, the company offers year-round enrollment, PPO network options and quotes in minutes. Learn more at https://healthinsurancenow.com/.
Email: info@healthinsurancenow.com
Media Contact
Name
Health Insurance Now
Contact name
Matthew Sechter
Contact phone
866-243-1130
Contact address
980 N Federal Highway, Ste 308
City
Boca Raton
State
FL
Zip
33432
Country
United States
Url
https://healthinsurancenow.com/
