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Dan Draney and his wife burned through their retirement savings in 18 months -- making steep payments under COBRA, the federal safety net that allows workers to temporarily stay on a former employer''s health insurance.
A diabetic cancer survivor who has a genetic blood clotting disorder, Draney''s poor health meant he couldn''t find an insurer willing to sell him an individual policy. And, at 60, he''s too young for Medicare. So the couple paid $1,014 a month through COBRA for his wife''s former workplace coverage.
Added on: Tue Mar 24, 2009 10:32 am by :
simon
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