We are seeing more and more unemployed and displaced workers searching for affordable healthcare insurance because their employer-sponsored plans end when they leave their jobs
Los Angeles, CA (PRWEB) February 12, 2009
As U.S. jobless rolls continue to swell, a growing number of American consumers are looking for relief with critical needs - right down to healthcare insurance protection for themselves and their families.
"We are seeing more and more unemployed and displaced workers searching for affordable healthcare insurance because their employer-sponsored plans end when they leave their jobs," said Eric Oster, President and CEO of the Insurance Bureau.
Since the beginning of 2009, companies have announced job cuts of over 277,000. When added to the December 2008 total of 11.1 million unemployed, the number of individuals losing their jobs has become a significant national challenge.
"Because these individuals also must face loss of their paychecks, COBRA (Consolidated Omnibus Budget Reconciliation Act) plans just don't work universally," said Mr. Oster. "In fact, most low and moderate income families simply cannot afford the COBRA alternative for the longer term."
InsuranceBureau.com is an independent website that provides detailed information about coverage types and options, insurance carriers and their reliability, and other important information.
"Our independent website is an excellent barometer of marketplace activity and interest because it provides comprehensive information and pricing comparisons that give consumers real power," Oster explained. "We're seeing a significant increase in traffic to our website because of this critical need," he concluded.
As the premier U.S. online independent insurance information forum, http://www.InsuranceBureau.com has become a clearinghouse for all types of intelligence during the economic downturn of the last six months. It also has informational relating to auto, home, health, life, business, long-term care (LTC), disability, annuity, and renters insurance.
EDITORS: Mr. Oster is available for interviews to discuss current insurance industry trends and practices, as well as insurancebureau.com operations and benefits. Please contact John Juneau at 310-320-8832 ext. 202 to arrange an interview.