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Marlene Ridley

Pros and Cons of COBRA Coverage

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Cobra health insurance sparks debates across the United States. The reality is that Cobra can be a buffer for those who have lost their jobs. However, Cobra can also cover employee’s and their families if they pass away or are suddenly let go. This is only eligible for those who aren’t fired because of gross misconduct. Until you can secure other insurance, Cobra could be a viable solution. Of course, it doesn’t appeal to everyone and there are some who dislike the notion of Cobra too. So, what are the pros and cons of Cobra coverage?

Pro – It’s a Buffer When You Lose a Job

If you suddenly are made redundant or are fired, in some instances, Cobra health insurance can be there to assist you. Basically, it’s a buffer and can be a great option to consider until you find other coverage. What’s more, if you or your spouse suddenly passed away, that might also be covered by Cobra. Of course, you would need to read the terms of the policy first.

Con – Limited-Time Coverage

People are frustrated at Cobra health insurance because it only covers them for a specific period – eighteen months to be exact. If the economy is on a downswing or you struggle to find a job, those eighteen months can fly by and then you start to stress out. However, if you’re lucky enough to find a new position in-between that time, then great. While some view Cobra’s limited time coverage as a positive, others see it as a negative.

Pro – The Same Coverage as Before

One of the more impressive features of Cobra is that regardless of the insurance you had previously, you keep the same for the duration. That’s important and helps to keep the stress down to a bare minimum. Even the process is the same when you need to file an insurance claim; that’s a huge benefit, to say the least. It’s useful for those who stress at any little change, and the policy remains the same too. Cobra health insurance does offer a useful solution for thousands each year. Learn more!

Con – Quite Expensive

A major downside to Cobra health insurance is how expensive it can be. Remember, your employer isnt going to pay the premiums so you have to. If you have very limited funds each month, that might prove to be a problem. It’s going to be a burden on your shoulders, so while it does have it’s upsides, this is a major negative, to say the least.

Get Insured And Stay Safe

Health insurance remains crucial, it doesn’t matter how old you are or the type of industry you work in. It’s essnetial to have suitable – and sufficient – coverage. Without it, you can be left in a terrible financial situation. Of course, it doesn’t help when you lose your job and your health benefits. Fortunately, it’s possible to continue coverage through Cobra. It mightn’t be the ideal solution for everyone, however, it’s a viable one until other insurance is found. Cobra health insurance is an option to consider. Find out more at https://www.wafeast.org/what-is-chip-how-does-it-work/

What Is CHIP? How Does It Work?

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Health insurance remains crucial for families around the U.S. Unfortunately, low income earners struggle to afford private health care for themselves and their children. While there is government plans available, sometimes even they can be out of reach. As strange as sounds, you can be a low earner but still not qualify for Medicaid. If that happens to you, it’s worrying because you want your children to have health insurance. Fortunately, CHIP might be an avenue to consider. So, CHIP – what is it?

Understanding CHIP

CHIP is the Children’s Health Insurance Program and this, essentially, offers coverage for an affordable cost. This program covers children from the time of their birth until they reach the age of eighteen. And, it’s an important program for children and families who can’t afford private health coverage. CHIP is useful if your family doesn’t qualify for Medicaid. In some instances, families can earn above the Medicaid threshold even though they can’t afford private health insurance Texas.

How Does This Program Work?

If you qualify for CHIP, you need to choose a health plan and a doctor. Costs are incredibly reasonable, although co-payments have to be made for some medical services. Most families don’t pay more than $50 per year so that’s very affordable. This health insurance program is fantastic for families across the country. And, the program covers things such as:

  • Eye Care
  • Doctor Visits
  • Dental Care
  • Medical Prescriptions
  • Hospital Visits and Care

CHIP does offer coverage for a variety of health care visits and treatments so that’s ideal. Health insurance Texas can be a lot more affordable with CHIP. And, if you have a young family but can’t afford private insurance, this may be a viable option. Of course, you do have to qualify for CHIP. Know more here!

Is CHIP The Best Health Insurance Solution for Low-Income Families?

CHIP isn’t perfect and there will be some limitations over what it can provide and who will be eligible for it. However, it’s a great option to consider if you can’t afford private health care or qualify for Medicaid. If you’re a low earner and have children, but don’t qualify for public assistance, it’s crucial to look at CHIP. It can be a great solution to consider and it might ensure your children get the necessary health  insurance Texas they need.

Should You Choose CHIP For Your Child?

If you don’t have any health or medical insurance for your child and are eligible for CHIP, it’s wise to consider the program. It’s a potential lifeline for your family, especially if you qualify for it and have no other insurance options available. CHIP is there for families who don’t have insurance and can’t afford private coverage. CHIP is a good health insurance option and one which might come in use at some point.

Get Coverage for Your Children

Everyone should have some form of health or medical insurance. It’s a crucial element of life and without it, you could face staggering healthcare bills. Even if you’re a low-income family, CHIP might be the appropriate solution to your coverage problems. It’s a program set up for children of parents with low income and who don’t qualify for Medicaid. CHIP is a fantastic option and one of the smartest ways to get the necessary health insurance Texas. Click here for further details: https://www.wafeast.org/7-facts-about-cobra-health-insurance-you-should-know/