what is a cobra insurance plan and how does it work?

Question: recently lost my job and will be offered a cobra plan. before I sign up for another health insurance i need to know how it works and which will be cheaper.

Answers:
COBRA will be the same insurance that you had with your job. If your company did not pay very much towards your insurance it will not be a big shock to you, but if the company paid pretty well, BRACE YOURSELF! I paid for COBRA once just for the interim until my new insurance took over and it was staggering! But, if you have serious health issues, another insurance may have a pre-existing clause. Watch out for that!

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Cobra Insurance is what you had with the company you lost your job with, you just pay for it instead of the company, and it is normally very high cost, If you have an opportunity to get other insurance, your best bet is to get the other.

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