In today’s economy, there is very little job security. Unfortunately, one of the secondary effects of losing your job is that you lose your health coverage as well. Thankfully there are programs in place that can extend your health coverage for up to 18 months following a termination, career change, or even retirement.

COBRA insurance was enacted into a law to protect you from losing your healthcare in scenarios such as getting fired or laid off. Officially known as the Consolidation Omnibus Budget Reconciliation Act, it is designed to provide medical insurance coverage for employees and their families even after they’ve severed ties with their employer. People must also understand that COBRA is a law, not an insurance package. Read more »