Quote:
Originally Posted by zetta
When you go on COBRA, do you have an option of switching to a less expensive plan offered by the company?
|
I don't believe so. I think you have to continue the same coverage that you had while employed.
One thing to consider, though. Unless you live in a god-awful insurance state like here in NJ, it is generally far cheaper to buy your own coverage rather than take COBRA. Of course, that is only true if you are in good health. If you have any medical problems, COBRA might be the better option. It always pays to shop around and see what is out there before you make a decision no matter what your health status.