Originally Posted by hellosailor
COBRA just means "Hey, if you canned somebody, they're entitled to continue their insurance
coverage for a while till they figure out something else" ... It will always allow you to maintain your existing policy (or close to it) at a below-market rate...
Exactly. Thanks for explaining the ins and outs to everyone. Like I said, if your COBRA rate is far and away the best deal for you, $90/month for instance, then nothing can beat that. Similarly, if you have health
problems, it's imperative you avoid lapsing your coverage. We can talk semantics around the clock, but the clearest we can all be is that people must shop around for the best option for THEMSELVES. Most people think COBRA is their best bet and don't bother to shop around, when a better price
for better coverage is very likely available.
I quit my job, moved out of state and onto a sailboat. COBRA at any price
would have not been the best option because my coverage was with a plan only available in that region of the country. I'd have been out of network for all services after moving. Even if that wasn't the case, it was so ridiculously expensive for mediocre coverage for a healthy person my age. So I chose a large-network, high-deductible plan good for people in my situation (and with network coverage even in the small town where we chose to winter). That's the nut of it: It works for ME.