Plan Type Comparison

Need help deciding what type of health insurance coverage is right for you? Check out these helpful pros and cons.

Individual and Family Health Care Plans

Pros

• Usually less expensive than COBRA
• Portable—You can take your coverage anywhere
• Coverage doesn't end like COBRA does, so you only have to shop for health insurance once
• You can add optional benefits like Dental and Life Insurance
• You'll receive more benefits than you would with a short-term health plan

Cons

• You need a physical exam to qualify for an Individual Health Care Plan
• The cost varies depending on your age, weight, medical condition, etc.
• Usually more expensive than a group health plan because your employer doesn't pay any of the premium

Get an individual or family health plan quote now.

Basic Health Plan:

Pros

• A very affordable option that's good if you don't need to use many benefits.
• You're know you're covered in case of a major health emergency or illness

Cons

• Your deductible is high
• You must pay out of pocket for smaller medical expenses

Get a basic health plan quote now.

Short-Term Health Insurance Plan

Pros

• Premiums are usually lower than they'd be with COBRA or a regular individual health care plan
• You don't need to have a physical to qualify
• Cost is not affected by your weight, age, and other factors

Cons

• Pre-existing Condition are not covered
• Only covers you from 1-12 months.

Get a short-term health insurance plan quote now.

COBRA

Pros

• You don't need a physical to qualify
• You can keep the same benefit package you had at work
• You don't have to spend time shopping for a new health insurance plan

Cons

• Usually more expensive than an individual health insurance plan
• Runs out after a certain time period so you must reapply for health insurance
• You can't take COBRA with you if you relocate outside the health care plan's service area

Get quotes for affordable COBRA alternatives now.

Health Savings Accounts:

Pros

• The money you pay for medical care is not taxed
• You can use an Health Savings Account for a wide variety of medical expenses
• Good for families because they pay the same deductible as individuals
• Funds can be rolled over from year to year

Cons

• You need to make sure you are putting away enough money to pay for your care

Get a Health Savings Account quote now.

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