Gotcha covered
Published: December 29, 2004
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So what's this COBRA thing?
If you are currently a full-time staff member in a company with more than 20 employees, you may be eligible to temporarily continue your current health insurance coverage as a freelancer under the provisions of COBRA, a law that stipulates group rates for individuals after they leave employment. Group health coverage through COBRA will be more expensive than what you were paying as an employee, but it typically is less expensive than individual health coverage.
Before leaving your current position, check with your employer about COBRA availability. Not every employer is required by law to offer COBRA benefits.
For more information, visit :
COBRA Insurance Direct
COBRA Insurance Benefits
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Know your provider
Thanks to the Internet, there is no shortage of businesses wanting to sell you health insurance. Or, at least, there's no shortage of folks who are happy to take your money each month. If you're looking into a provider you've never heard of, you owe it to your health--both financial and physical--to make sure the company can do what it says. The following links provide helpful tips as well as specific information about companies with questionable reputations.
Better Business Bureau
www.bbb.org
National Association of Insurance Commissioners
www.naic.org
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