Financial analysts expect the current recession to mean longer lengths of unemployment as jobs become scarcer. People need health coverage, but if you’re out of work, you definitely need the most budget-friendly option
North Hollywood, CA (Vocus) December 8, 2008
With the current unemployment rate hovering around 6 percent and expecting to rise to 7 percent by May of 2009, workers with serious health problems or families are faced with a health insurance conundrum.
COBRA, the Consolidated Omnibus Budget Reconciliation Act (COBRA), was put in place as a temporary bridge between transitioning healthcare coverage but the current job market is making the COBRA ACT an expensive bridge for many unemployed workers to cost. Under COBRA a health plan can charge 102 percent of the actual premium costs.
“Financial analysts expect the current recession to mean longer lengths of unemployment as jobs become scarcer. People need health coverage, but if you’re out of work, you definitely need the most budget-friendly option,” says CEO Eric Oster.
2insure4less.com is aiding so many out of work consumers in finding a more affordable option to COBRA. Getting several health insurance quotes to compare gives the consumer many affordable options to choose from. Also, comparison services have a much larger database to search from than the average consumer can likely search on their own. “It’s really simple economics, the competition between health insurance companies drives health insurance quotes down,” says Oster.
Since 2003, 2insure4less.com has been operating its free quote referral service, allowing insurance shoppers nationwide to find the most competitive insurance quotes in a variety of insurance lines and annuities. 2insure4Less.com does not sell insurance, but utilizes a competitive bidding system to identify the most economical insurance quotes in the applicant’s state. Consumers use the service to locate auto insurance quotes, life insurance quotes, disability insurance quotes, long term care insurance quotes, health insurance quotes, cancer insurance quotes, burial insurance quotes and insurance quotes of various different types of business insurance products.
6400 Laurel Canyon Blvd, Ste 460
North Hollywood, CA 91606