In America unemployment has become the order of the day.
Just as the rate of unemployed people increase, the rate of uninsured people also increases.
This is as a result of the high cost of the Consolidated Omnibus Budget Reconciliation ACT (COBRA) for most workers in America.
COBRA can neither be called insurance nor an insurance company.
It was a substitute means to ensure that retired workers can still get medical treatment from group health insurance rates for 72 weeks under specific circumstances, when it was passed by congress in the year 1986.
Obama's incentive legislation is apparently a stipulation whereby the federal funding takes the monthly cost of certain workers like about 65% of it for 48 weeks.
As the rate of joblessness increases to 8%, jobless persons are at a higher risk of losing their health insurance.
But a research has shown that the premium for COBRA is nationally an unemployed worker's check which ranges from 80- 85%.
Therefore, your options include? *Verify if you could become a member in an association that has health care plan.
*Confirm from the private sectors for limited benefit plans.
*Check out your individual state if they have any programs that will relief you.
*Assess the probability of getting high deductible plans.
*Check out short term plans.
If you have a pre existing condition or you are seriously ill, limited benefit plan is not the right choice for you.
If you are quite healthy, it's best you use this plans.
Short term plans and high deductibles are useful in short terms.
It is best to look into all this options before making a choice.
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