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COBRA (The Consolidated Omnibus Budget Reconciliation Act, 1985) is a federal law designed to ensure that people can continue to receive health insurance coverage for up to 18 months following the termination of their employment.

The vast majority of companies which provide group health insurance cover for their employees are subject to the provisions of COBRA which, in certain circumstances, can cover former employees beyond the normal period and for up to 36 months.

In general terms COBRA will protect individuals from losing their health insurance benefits along with their employment but it should be understood that it is designed purely as a temporary measure to help people through what might otherwise be a difficult period. That said, the act does not provide cover in all circumstances and some employees will find that they do not qualify for cover when their employment ceases. People in an employer s scheme should therefore check with their employer, who should be conversant with the l (more...)

Everyone wants affordable car insurance but nobody wants to pay the price. That may not have made much sense to you but the insurance buyer has to be better informed. There has to be some time spent on educating yourself enough to make intelligent decisions about your next insurance purchase. Too many folks avoid all responsibility when it comes to buying car insurance. You do not need an insurance course to understand the fundamentals involved in rating car insurance. Look at the declarations page on you car insurance and you will find all that you need to know.

The Declarations Page

1. Policy Period - This is the specific time period that the policy is effective. Some car insurance policies have an annual renewal and others have a six month renewal. Do not shop for car insurance with a declarations page that shows that your policy period has expired. That could cause you to be placed into a sub-standard carrier. Shop at least one month before your insurance is ready to expire.

2. Ve (more...)