While COBRA is helpful as individual health insurance to those who have been laid off, it is temporary and far more expensive than employer-sponsored health insurance, says Enhanced Online News. Even though the economic stimulus package proposes to pay up to half the cost of COBRA premiums for one year, one of several alternatives may [...]
Archive for the ‘COBRA’ Category
ICHIP: Last Resort For Illinois Health Insurance
Judith Graham from the Chicago Tribune recently wrote about the Illinois Comprehensive Health Insurance Plan, and its coverage for those individuals unable to buy Illinois health insurance elsewhere. There is a cap on the number of people that can enroll (currently almost 6,000) in order to ensure that its costs are fully covered by state [...]
Minnesota Health Insurance For Unemployed
In a recent press release, Medica has announced that they are launching a public information program to help Minnesota residents who have lost their jobs find affordable health insurance options. Minnesota’s unemployment rate was 6.9% and growing as of the end of 2008. In a nutshell, the objective of the program is to let Minnesota [...]
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 [...]
COBRA Subsidy Proposed
A.M. Best reports that under an $825 Billion stimulus package proposed by house democrats, many Americans who have been laid off from their jobs since 9/1/2008 could have up to 65% of their COBRA insurance payments subsidized by the federal government. The house bill that has been named The American Recovery and Reinvestment Act, allocates [...]
5 Tips For Baby Boomers Losing Health Insurance
The baby boomer generation (ages 45 to 64) is worried about losing their health insurance, and the current economy is even more cause for concern. Many baby boomers have been either laid off or forced to retire early, and with that comes the loss of their employer sponsored health insurance plan. Meanwhile, they’re not yet [...]
Expanding Government Assisted Health Insurance
Barack Obama and the Dems are considering major expansions to the existing government assisted health care programs. One of the changes being discussed would subsidize employers’ expenses for temporary continuing health insurance coverage to laid-off and retired workers and their dependents, as mandated by COBRA, and allow workers who lose jobs that did not come [...]
Insurance Against Losing Your Health Insurance?
Golden Rule, a United HealthCare company, is offering a unique insurance product. The plan allows workers, who fear that they might get laid-off and subsequently lose their employer-sponsored health coverage, to pay a fee in order to be covered by a Golden Rule health insurance policy in case they lose their job and become uninsured. [...]
Low Cost Utah Health Insurance
Utah health insurers announced a new health insurance plan, called NetCare, for Utah residents who are between jobs. NetCare is designed to be a more affordable health insurance option than COBRA coverage. Cost savings from the COBRA alternative would be derived from NetCare not being required to include all the health benefits that are currently [...]
eHealth Launches New Website
eHealthinsurance has launched an educational website (www.cobralearning.com) designed to help consumers learn more about COBRA, as well as COBRA alternatives. eHealthinsurance recently undertook a national survey which opened up their eyes as to how uninformed the Amercian public is about both COBRA and individual health insurance options. The findings of the survey were so profound [...]
