Friday, September 13, 2013

Will COBRA survive Health Care Reform?

The election of COBRA benefits has been a big help to many people who are losing their employer benefits. Will COBRA survive Health Care Reform? Yes, it is very likely. With costs rising for individual coverage, COBRA may offer people a way to postpone the high cost of purchasing coverage on their own. Health Insurance rates in large groups can be lower than individual coverage, even when the 2% administrative fee is added to the premium. Of course, it depends on the composition of the group and the insurance plan in place. It is worth doing your homework when you lose your employer coverage, especially with all of the changes occurring in the health insurance industry. To learn more, contact me at lucy@altavistaben.com.