Having Cobra Insurance Can Be Very Helpful

We all agree that health insurance is a must for most families in this day and age and now more than ever Americans are loosing their jobs everyday. COBRA is there to help us when we loose our job and gives us the option and security of keeping our health insurance and for some people they may not have many options.

To some people COBRA may seem like a life saver but for others more like an anchor. It is absolutely necessary to read your policy thoroughly, you may discover that some COBRA plans have strict rules and guidelines they need to adhere to and that may not work for what your needs are. Be diligent and understand all your rights before proceeding with COBRA.

The glory of COBRA is that you get to keep your coverage without any interruption and for families that have several medical conditions at one time it is crucial that they keep their coverage. If you were dropped you would have to deal with pre-medical condition and that's not going to fair to well. This is what makes COBRA so great is they allow you to maintain coverage with a pre-existing condition as if you never skipped a beat. Loosing your job is bad enough but imagine loosing your health insurance at the same time. Some employers may not even carry you once your fired.

Unfortunately COBRA is a short term solution. It allows you to research your options while being fully covered, it gives you about two years. You can always keep the current policy but they have the option of raising your premium. If your in great health you might find a less expensive health insurance elsewhere. These people have less worry, as their options are a bit more available. If you have a pre condition things are going to be a little tricky and potentially costly.

COBRA could be a fearsome adversary but remember it is only a short term solution. Your employer may very well change insurance carriers but don't feel that you have to get stuck with the cost of rising premiums. Know what coverage is best for you and your family. Once you have lost your job learn about your options as soon as possible. Make COBRA work for you it can be a blessing!