A major benefit of being a full time employee at an American corporation is the security of health coverage. Medical costs along with the cost of health insurance have skyrocketed in the past 60 years. Under these circumstances, insurance coverage provided by employers, who enjoy tax benefits for giving health benefits to their workers, has helped foster loyalty and reduced the financial stress of thousands of American employees, many of whom would not be able to afford health insurance if purchased privately.

If you’ve been working at a job that offered group health insurance but you’ve been laid off, quit, or fired, COBRA health insurance lets you temporarily remain insured under the group health care policy. Sound good? It can be, especially if you have a pre-existing condition.

With COBRA, you’ll receive the same benefits and coverage you had as an employee. The main disadvantage to COBRA is that you have to pay the insurance premium yourself, instead of your employer paying a  portion of it. Therefore, COBRA coverage is usually expensive.

Just how expensive those skyrocketing insurance costs really are becomes painfully obvious when someone loses a job. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), requires insurance companies to continue to make their plans available to former employees who have left a group policy due to unemployment. However, when you sign up for COBRA, you suddenly find yourself paying much more for your health coverage than what you were paying at the time you were employed. The financial burden can be unbearable, as at the same time you have probably lost your primary source of income. The national average cost per family for COBRA is in excess of $500 a month. For a relatively healthy person who rarely visits a doctor, the cost of COBRA may seem unacceptably high.

When a life change leaves you without health insurance, you need coverage to get you through the transition period.
A Short Term Medical SM insurance plans from UnitedHealthcare’s Golden Rule Insurance Company, underwriter of UnitedHealthOne plans, can:

Help smooth a life transition by making sure you’re never without insurance coverage

Offer optional periods of coverage from 1 to 11 months.*

A Golden Rule Short Term Medical insurance plan may be right for you if you are:

Between jobs or unemployed

A young adult finished with school, or a student no longer covered under a parent’s insurance plan

An early retiree

Waiting for other coverage to begin