Health insurance quotes for COBRA health insurance plans are some of the highest in the industry. The cost of COBRA insurance may even rise sharply in the near future. This health insurance quote price rise is related to the nature of COBRA coverage.

COBRA is an acronym for the Consolidation Omnibus Budget Reconciliation Act. The stated purpose for this act is to provide medical coverage to families after they lose their jobs. It is not a specific option that some insurance companies try to offer, it is a law. Former employees will still receive 18 months of continuous coverage under a policy identical to that of their previous employees.

There are many conditions where COBRA policies may be necessary to obtain. COBRA policies will carry over all aspects of coverage provided for by your previous policy. So if you have a major medical issue that happened AFTER you began your previous employer's policy but under a new policy may be considered a "pre-existing condition" it could be wise to stay with the high payments of COBRA.

Though there are certain benefits, retaining COBRA coverage is very costly. This is because the cost of the plan is based off of your former employers policy PLUS additional 2% for administration fees. If your old boss was pay extremely high premiums or the plan included many things you do not need, you will be forced to take on those costs. So if have no pre-existing conditions you may wish to find a non-COBRA policy that has insurance coverage that is more targeted to your needs you may be able to save money on your health insurance quote.

There is yet another factor to the high cost of COBRA insurance. If your employer was previously paying a percentage of your health insurance he is no longer obligated to pay that percentage when you no longer work for him. Since some employers paid a hefty percentage of their employees health insurance premiums the increased cost of health insurance quotes can be significant for the person trying to use COBRA. These health insurance quotes could be so large in fact that many people may not be able to afford them.

The government launched a number of subsidies to remedy this issue over the past few years. It boils down to the fact that a lot depends on timing for whether or not you are eligible for a subsidy of up to 65% coverage of your COBRA benefits. With all the fiscal worries these days it is very unclear as to whether the government will continue to offer any subsidies for this into the future. It could may be best to search and find cheaper alternatives.