What About Baby Boomer Bail Outs?
Is there a rescue for boomers? What about those among us who are contemplating retiring, or lost our job or are retired? We need some aid also.
Do you notice how your grocery bill escalates each week or so? Your electrical and water bill are both going up a couple of cents here and there.
All of them add up and dig seriously in your pocket book. There are just so many places we will be able to cut down on. You can stretch a pan of soup for an additional meal, and plan to restrict trips in your auto. But health care should not be limited. With more and more boomers facing periods of unemployment due to this recession, you have to wonder if they can continue support of their health care benefits under COBRA rules. These are a joke for anyone who’s been presented the opportunity to pay hundreds more a month over what they were paying when employed. At a time where your income is non existent you are asked to pay many times more for health care coverage. Not surprisingly most unemployed people don’t take the COBRA coverage and try to wing it with no health care coverage at all.
Eventually this recession will clear but the damage done to many families who don’t have health care coverage will last long after.
