February 27, 2009 19:12 ET

Finding COBRA Alternatives: Launches COBRA Health Insurance Information Center Online Recently Launched a COBRA Health Insurance Information Center to Help Educate Consumers About How COBRA Coverage Works, How the New Economic Stimulus Packages Affect COBRA, and to Provide Alternative Health Plan Options

CHICAGO, IL--(Marketwire - February 27, 2009) - Online health insurance portal GoHealth Insurance recently launched a COBRA information center to help educate Americans who have lost their employer-sponsored group health insurance about their health insurance options.

Although the American Recovery and Reinvestment Act of 2009 will now subsidize 65 percent of a laid-off worker's COBRA premiums, they still may be able to find a better insurance option with an individual health insurance plan.

The GoHealth Insurance COBRA Information Center helps consumers understand how the continuation coverage law works, how the stimulus plan affects COBRA, and what COBRA alternatives are available.

"It's true that the government will now help you pay for COBRA coverage if you've lost an employer's plan. But for many, COBRA -- even with the subsidy -- isn't the best option for their needs," said Brandon Cruz, President and CTO of Norvax, Inc., the parent company of

"The objective of exploring your health insurance options is to get the best value out of your plan whether it's through COBRA or a private insurer," added Cruz.

Short Overview of COBRA and the Subsidy

COBRA is a federal law that allows workers who have lost their jobs to continue their employer coverage for as many as 36 months. You are eligible for COBRA if:

--  You lost or left your current job
--  Your hours were cut to make you ineligible for health benefits
--  You divorced your spouse that had employer coverage
--  You are a dependent child of a parent who meets any of the above

Before the recent economic stimulus plan, COBRA continuation coverage was very expensive, many times reaching above $1,000 per month. But according to the stimulus plan, the government will now pay for 65 percent of COBRA premiums. You can receive the 65 percent subsidy for up to 9 months.

You qualify for the COBRA subsidy if:

--  You involuntarily left/leave your job between September 1, 2008 and
    December 31, 2009.
--  You don't earn more than $125,000 annually in the year you receive the
    subsidy ($250,000 per year if you are married and filing taxes jointly with
    your spouse).
--  Your former employer continues their group health insurance coverage
    for current employees.

To learn about COBRA and to learn about your alternative options, visit to get free health insurance quotes, view instant quotes online, and apply for an individual health plan at your computer.

About GoHealth Insurance makes buying health insurance simple. GoHealth Insurance explains health coverage options in plain English, provides free health insurance quotes, connects shoppers with local agents, and helps consumers choose plans that meet their health and budget needs.

Contact Information

  • Contact:
    Joy Scott
    Scott Public Relations
    Email Contact