For individuals who have recently lost their job, Carolyn’s Blog advises them how to get health insurance coverage.
“Unless you have a pre-existing condition you should only stick with COBRA until you find a private health insurance plan. Believe it or not, if you go with a High Deductible Health Care Plan (HDHP) for a middle aged guy of 35, private health insurance can be around $75 a month — even with such well known companies as Humana and Blue Cross Blue Sheild when you live in the city of Chicago (very expensive health insurance here!)”
Healthy people sort to the less generous HDHP, sick people choose to the more generous COBRA.