When Your Cobra Coverage Runs Out, You Need A Short-Term Health Insurance Georgia Plan Article

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When Your Cobra Coverage Runs Out, You Need a Short-Term Health Insurance Georgia Plan

There are certain health factors that will have a negative effecrage Runs Out, You Need a Short-Term Health Insurance Georgia Plant on your application process. A big obstacle is smoking, and another is being overweight. Your age will also play a factor.

Author: Sam Dicosta

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According to a recent study by the Centers for Disease Control and Prevention, the number of adults going without a health insurance Georgia policy has been increasing, due to the perception that costs are too high. One factor that has contributed to this perception is the news that the COBRA subsidy has ended. COBRA requires group health insurance Georgia plans sponsored by companies with 20 or more employees to offer employees an opportunity to extend their health insurance Georgia benefits if their employment is terminated, and under certain other conditions. In addition, the American Recovery and Reinvestment Act of 2009 (ARRA), allowed for a premium reduction, which is the federal subsidy that has just recently ended (May 31st, 2010).

Therefore, unemployed individuals have just now become wholly responsible for the cost of their health insurance Georgia plan monthly premiums. Some people will not be able to continue their group health insurance Georgia plan coverage through COBRA because the costs are too high without the federal subsidy. Group health insurance Georgia plans are more expensive than individual health insurance Georgia plans because groups are prohibited from enrolling high risk members. Since health insurance providers can deny coverage to high risk individuals for individual health insurance Georgia plans, they keep those monthly premiums lower. This is why many individuals will now start considering individual and family health insurance Georgia plans they can buy on the private market, rather than continuing to pay group health insurance Georgia plan premiums.

Of course, it is very important to be aware of your chances to be denied coverage for an individual plans. There are certain health factors that will have a negative effect on your application process. A big obstacle is smoking, and another is being overweight. Your age will also play a factor. Most every insurance provider will raise the premiums for smokers, because smoking has been shown to negatively affect many different health conditions, even possibly leading to lung cancer. Being overweight also can result in diabetes, high blood pressure, and many other health risks. All of these things cost money in medical treatment, so the health insurance Georgia plan premiums for an individual or family member with these factors will be quite high. There is also the chance of denial under these circumstances. If that is the case, then the individual would be better off continuing their group health insurance Georgia plan.

A big concern for a family who believes they can no longer afford their COBRA coverage is to purchase a new health insurance Georgia plan without a gap, in order to keep their continuous creditable coverage. This means that there is no time that the individual or family went without coverage, and it will protect them should a medical condition arise early on in the term of the health insurance Georgia plan.

A Short-Term Health Insurance Georgia Plan Can Help

There are many short-term health insurance Georgia plans available to those who are in between jobs, or recently unemployed, or just cannot afford their current health insurance Georgia COBRA policy. Assurant Health offers a limited-benefit short term medical plan called Health Saver, which is low cost. Many other health insurance Georgia companies also have short-term plans. Coventry Health Care also offers some short-term health insurance Georgia plans.

About Author

Sam Dicosta shares his knowledge on health insurance that makes you able to find the plans that best fits your needs. If you want to know about Family health insurance Georgia, health insurance Georgia, group health insurance, affordable health insurance Georgia, Wellpath north Carolina visit www.cvty-healthinsurance.com

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When Your Cobra Coverage Runs Out, You Need a Short-Term Health Insurance Georgia Plan