Taking some sting out of COBRA' s bite

by simon » Tue Mar 24, 2009 10:32 am
Posts: 542
Joined: 28 Sep 2005

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.

Total Comments: 2

Posted: Tue Mar 24, 2009 10:46 am Post Subject:

Though the COBRA has helped many to stay covered while looking for new health plan or switching jobs, the cost of it has never encouraged me to opt for it. Now the government has finally realized the cons of it.

Posted: Fri Mar 30, 2012 10:27 am Post Subject: AroywnLIzO

The vehicle can go on your ertpnas policy if you are living in their home or are attending school away from home. If you are the principal operator of the vehicle, you must be listed on the policy as such regardless of whose name the car is registered and titled in. That will likely be the least expensive way to insure it, however it won't be cheap. Your ertpnas should call their insurance carrier or agent and ask what the cost will be.

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