In wake of the recent NFL lockout for many teams, many NFL players find themselves  in the same situation as many Americans, concerned about their own well being and the well being of their families, as they find themselves without a contract and on the verge of a stretch of unemployment. So what are these players doing, the same thing that many Americans do when they find themselves in the same situation.  Players on many teams, including the Miami Dolphins and Tennessee Titans are signing up for COBRA insurance to keep themselves and their families protected until the end of the lockout.  Stevens, a player on the Titans recently said in an interview with the Tennessean said “”It’s definitely a risk and it stinks. Most of the guys have their Cobra insurance. We’re paying for our insurance. But it stinks if you get hurt. We’re preparing for the season, but the team has no liability towards us.”  So what can we learn from this?

We can learn the same thing these players are learning.  That in times of uncertainty, when we are unsure what our future employment situation holds, COBRA insurance is a great interim insurance option to keep yourself and your family protected.  COBRA insurance, although sometimes costly, ensures that we maintain coverage through uncertainty and protects us.  That is why the bill was passed by Ronald Reagan in 1985 and why for so many of us it continues to be an incredibly important piece of legislation.