With job loss on the rise most Americans know how important it is to have health insurance. If we are lucky enough to have a great job but misfortune to have lost it COBRA is there to help us. This mandatory system gives us the opportunity of keeping our health insurance and for some people they may not have many options but for others a blessing.
COBRA can be such a life saver. It is absolutely necessary to read your policy thoroughly, you may discover that some COBRA plans have strict rules and guidelines they must follow and that may not pertain to you and your families needs. Understand all your rights, terms and fees are before proceeding with COBRA.
Getting to keep your coverage without any interruption is really what is outstanding about COBRA and families that have multiple medical conditions it is crucial that they keep their coverage as long as they can. Once a family is dropped they would have to deal with pre-medical condition and that's not going to fair to well with a new policy. This is why COBRA is so great they allow you to maintain coverage with your pre- existing condition as if you never lost your job. Loosing your job is bad enough but the lose of your health insurance at the same time!
Unfortunately COBRA is a short term solution. It allows you to research your options while being fully covered, it gives you about two years. You can always keep the current policy but they have the option of raising your premium. If your in great health you might find a less expensive health insurance elsewhere. These people have less worry, as their options are a bit more available. If you have a pre condition things are going to be a little tricky and potentially costly.
It's a good feeling to have COBRA at your side but keep in mind it is a solution that will run out of time. Make sure you know what coverage is best for you and your family. If your company changes insurance carriers don't feel that you have to get stuck with them. Start your homework immediately after termination and learn about your options and don't be afraid to ask questions. Remember a COBRA can be your friend.
COBRA can be such a life saver. It is absolutely necessary to read your policy thoroughly, you may discover that some COBRA plans have strict rules and guidelines they must follow and that may not pertain to you and your families needs. Understand all your rights, terms and fees are before proceeding with COBRA.
Getting to keep your coverage without any interruption is really what is outstanding about COBRA and families that have multiple medical conditions it is crucial that they keep their coverage as long as they can. Once a family is dropped they would have to deal with pre-medical condition and that's not going to fair to well with a new policy. This is why COBRA is so great they allow you to maintain coverage with your pre- existing condition as if you never lost your job. Loosing your job is bad enough but the lose of your health insurance at the same time!
Unfortunately COBRA is a short term solution. It allows you to research your options while being fully covered, it gives you about two years. You can always keep the current policy but they have the option of raising your premium. If your in great health you might find a less expensive health insurance elsewhere. These people have less worry, as their options are a bit more available. If you have a pre condition things are going to be a little tricky and potentially costly.
It's a good feeling to have COBRA at your side but keep in mind it is a solution that will run out of time. Make sure you know what coverage is best for you and your family. If your company changes insurance carriers don't feel that you have to get stuck with them. Start your homework immediately after termination and learn about your options and don't be afraid to ask questions. Remember a COBRA can be your friend.
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