Temporary Health Insurance

A major benefit of being a fulltime employee at an American corporation is the security of health coverage. Medical costs along with the cost of health insurance have skyrocketed in the past 60 years. Under these circumstances, insurance coverage provided by employers, who enjoy tax benefits for giving health benefits to their workers, has helped foster loyalty and reduced the financial stress of thousands of American employees, many of whom would not be able to afford health insurance if purchased privately.Just how expensive those skyrocketing insurance costs really are becomes painfully obvious when someone loses a job. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), requires insurance companies to continue to make their plans available to former employees who have left a group policy due to unemployment. However, when you sign up for COBRA, you suddenly find yourself paying much more for your health coverage than what you were paying at the time you were employed. The financial burden can be unbearable, as at the same time you have probably lost your primary source of income. The national average cost per family for COBRA is in excess of $500 a month. For a relatively healthy person who rarely visits a doctor, the cost of COBRA may seem unacceptably high.However, thousands of people who have opted not to continue with their health insurance because of its costs have come to regret the choice. In fact, every 30 seconds someone in the United States files...
Source: DoctorMental - Category: Internists and Doctors of Medicine Tags: Temporary Health Insurance Source Type: blogs