f employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could When a person loses their job for any reason, and fears the subsequent loss of their health insurance coverage, COBRA mandates that they have the chance to keep the coverage intact. But why does COBRA Coverage cost so much?

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It was a sweeping bit of legislation that covered a host of different issues. One of them was to give protection to people who have lost their jobs, for whatever reason. Since so many people were depending on Group Health plans at their place of employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could f

y have the chance to keep the coverage intact. But why does COBRA Coverage cost so much?

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It was a sweeping bit of legislation that covered a host of different issues. One of them was to give protection to people who have lost their jobs, for whatever reason. Since so many people were depending on Group Health plans at their place of employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could

Budget Reconciliation Act. It was a sweeping bit of legislation that covered a host of different issues. One of them was to give protection to people who have lost their jobs, for whatever reason. Since so many people were depending on Group Health plans at their place of employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could tion to people who have lost their jobs, for whatever reason. Since so many people were depending on Group Health plans at their place of employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could f employment, a loss of employment could lead to a loss of coverage and dire consequences. It was also possible that an employer could fire an employee who might be facing a major illness just to ease the pressure on the Group and hold down premiums.

COBRA prevented this potential abuse and required Group Plans to extend coverage to discharged employees. There were certain time restrictions and regulations, but the former employee could continue to pay for the insurance and there would be no break in coverage. It was a good plan, but most people were shocked when they received the bill for the continued coverage. The cost was very high, and many people are unable t