Effective Health Insurance

Wednesday, May 14th, 2008

Get a COBRA

For those who got fired (not including those who got fired because of gross misconduct) or just recently resigned to look for a new job, you need not worry about your health insurance coverage…that is if you can afford it, thanks to Consolidated Omnibus Budget Reconciliation Act of 1985, otherwise known as COBRA.

For a name synonymous with snakes and poisons, it can help you weather out the storm while you look for a new way to cover health insurance for yourself and your loved ones. According to this act you have the right to continue your former employer’s group plan for individual or family health insurance for up to 18 months at your own expense.

If you’re currently employed, ask your HR personnel for more details.

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