| |
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 |
