COBRA Health Coverage Too Expensive.
COBRA health insurance coverage is becoming more and more out of reach for Americans who lose their jobs, according to a report by Families USA. According to the report, Americans who become unemployed and receive unemployment benefits received on avg. $1,278 per month in federal benefits, COBRA health insurance coverage would devour more than80% of that to cover a family. Needless to say, spending more than 80% of your income on health insurance doesn’t make sense, and doesn’t leave enough money behind for other basic family needs.
The full report from Families USA is online an can be found at www.familiesusa.org/resources/publications/reports/cobra.html.
for information about affordable health insurance plans as an alternative to COBRA.
