Large Group Health Insurance Broker

When leaving a job, individuals may be eligible for COBRA continuation coverage, allowing them to keep their group health insurance for a limited time, however this comes at the risk of having to pay a higher premium. Alternatively, they can seek new coverage through a marketplace insurance provider. Opting for individual health insurance instead of COBRA can be a smart choice for several reasons. Individual plans may be more affordable than COBRA continuation coverage, reducing monthly expenses, especially during job transitions. The individual insurance market offers diverse plan options for better flexibility in healthcare choices. Unlike COBRA, individual plans can be customized to include preferred doctors, coverage levels, and cost-sharing measures. Purchasing an individual plan ensures coverage continuity without interruptions in healthcare services.

Yes, employers can shop off-market for group health insurance plans through a broker or directly from an insurance company. However, plans purchased outside of the state’s Health Insurance Marketplace aren’t eligible for government subsidies.

Working with experienced brokers can uncover options that are not available on the open market, possibly leading to plans with better benefits, lower premiums, or both.

Alternatives to group health insurance include individual market policies, short-term health insurance, and health care sharing ministries. Each of these options has its own benefits, so it’s important to carefully consider the needs of your employees before making a decision.