Medicare, Medicaid, Life and Health Insurance/COBRA or INDIVIDUAL INSURANCE


Hi Cindy, thanks in advance for your help and time.

I am 63.5 years old and retiring Dec 31, 2015.

My question is: Should I take my company's COBRA plan or get my own individual health insurance? And should I continue the COBRA dental plan my company offers ($30 a month)?

I am in good health. My only conditions are sleep apnea (moderate) which is under control, and acid reflux. Everything else is in great condition.

I am thinking two things. 1. With the COBRA, I will have great coverage if something happens. Cost is about $500.

2. With individual health insurance, I might be spending less and save out of pocket money. But if something happens healthwise, I might be liable for huge hospital bills, for instance.

So, I don't know the best thing to do.

Again, thanks for your help.

Hi Robert, thanks for the question.  Not being familiar with Illinois rates, my experience tells me that your price for Cobra coupled with, as you say 'great coverage', would be the way I would go.  Timing seems to be perfect as 18 mos. of Cobra would bring you to Medicare age.
I hope this helps.

Medicare, Medicaid, Life and Health Insurance

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Cindy Hopp


As an expert in Medicare supplemental insurance, I can help you decide which plan is best for you. If you are turning 65 or your rates are just too high, let me shop for you and give you your options. I can also assist the under-65 for their health insurance options. Please include the State you live in.


Having been in the business for 10 years, I keep up with all the new rules of the new Health Reform and am licensed and certified to assist you.

All the continuing education I have taken keeps me up to date with licensing and the insurance industry.

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