How and Why I Switched From COBRA to an Individual Health Plan

Last year, I found myself in a new situation that Itime, so I needed to start looking for an individual
had never found myself in before. I was laid off fromhealth insurance plan that might cover some of the
my job and I didn't know what to do. Aside from thethings I needed covered.
obvious issue of needing an immediate source ofAnyway, I started shopping around through some
income, I also faced another problem. I didn't knowonline brokerages and eventually came into contact
what I was going to do as far as health coveragewith a few carriers who seemed like they'd have
was concerned. My job had offered me a severancewhat I needed. After the basic application process I
package with some benefits included, but in a fewwas contacted by an agent, who asked me some
short months I'd be faced with some premiums thatfollow up questions about my health.
were twice as high as they were before.Two months later, I'm now approved and enjoying a
I simply couldn't afford to pay over $500 per monthpretty good policy with benefits around $300 per
for myself. This sounded outrageous to me, as I'mmonth. It's not ideal for me, but it sure beats
sure it would to you too. Especially when I had noCOBRA. Look hard enough and you'll find one for
job and no means to afford it. COBRA was simplyyourself too.
way more money than I was able to afford at the