COBRA, formed from the Consolidated Omnibus Budget Reconciliation Act of 1985, is a short-term employer sponsored plan where you pay 100% of the premium plus 2%. If youve recently been laid off or your company has shut its doors, you may be familiar with the C.O.B.R.A. plan. However everyone considering this plan should know the COBRA Trap. Number one; it is expensive. Number two; its a temporary solution that an insured person may find that while under the COBRA policy they develop a health concern that leaves them uninsurable after the policy period due to a pre-existing condition. View this clip to learn more on this trap.
Educate yourself on the options available for health care plans that would benefit you. Watch this series an learn more on how you can learn what the insurance companies and politicians insurance companies do not want you to know about buying your own health insurance.
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