I have never seen COBRA hold a candle to a deal you can get in the private market.
You should be starting your search from looking at what the market provides — and cast a wide net and do your homework...THEN compare to COBRA.
The 3-5 times I have done this for family members, it’s a no-contest - COBRA is 2-3x the cost of what I can get.
Expection: let’s say you are fired and you have a pre-existing condition that is a money sink...COBRA then makes sense....That’s why it’s so HIGH!
Thanks. That makes good sense with everything else in this thread. I was thinking private might be the way to go.
With the Affordable Care Act, no one can be denied health insurance nor can they be charged more for health insurance because of a pre-existing condition. The only reason for selecting COBRA in this case is if it gives access to hospitals, specialists and medications not available through publicly offered health insurance plans. But be aware, too, that many pre-ACA plans had maximum benefit payouts. Health insurance plans covered by ACA, i.e., the publicly available health insurance plans, do not allow benefit caps.