The high cost of health insurance

Sunday, January 31, 2010

Do you pay health insurance premiums that you really can't afford?

Have you decreased your plan coverage, taking the chance with high deductables if you become hospitalized?

Are you prepared if you lose your job and need to continue with COBRA payments?

President Obama had created a reduced COBRA plan that allowed families to pay for 35% of their COBRA while the former employer covered the other 65% for a period of nine months, but this reduced COBRA plan has now expired.

What would you do if you were faced with a $1,000 month bill to have health insurance for you and your family and you became unemployed?

What if your unemployment was enough so that your family earned just above 133% of the federal poverty level ($2,800) for a family of five and you didn't qualify for any state health insurance reduced/free program?

If you receive $2,801 or more from unemployment and you are a family of 5 (the amount is even less for smaller families), you must pay for health insurance premiums on your own.

Is really the best we can come up with in this country?

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