recently lost my job and will be offered a cobra plan. before I sign up for another health insurance i need to know how it works and which will be cheaper.
2006-10-05 12:58:37 · 8 answers · asked by mad skills 1 in Health ➔ Other - Health
COBRA will be the same insurance that you had with your job. If your company did not pay very much towards your insurance it will not be a big shock to you, but if the company paid pretty well, BRACE YOURSELF! I paid for COBRA once just for the interim until my new insurance took over and it was staggering! But, if you have serious health issues, another insurance may have a pre-existing clause. Watch out for that!
2006-10-05 13:12:08 · answer #1 · answered by toothfairy1987 2 · 0⤊ 0⤋
Cobra will probably be the highest you will find. The good news is you will have the same coverage with cobra, that you had with your ex employer.The bad news is, if it's like mine you will pay thru the nose.Whatever you do, research anyone else you think of getting. I got scammed on the Internet, they called and offered me great insurance. When it got to me, it was not at all what they promised! I ended up cancelling it, and lost $100.00 that they claimed was for handling ect. Just be careful!If you go through your state Dept of I insurance they can give you reliable sources.
2006-10-05 13:15:27 · answer #2 · answered by blackdiamondsandroses 2 · 0⤊ 0⤋
Cobra is usually offered if you've lost or switched jobs & are inbetween plans. It's usually comprable to what you've lost, but it's REALLY expensive. You should compare the cost of cobra with other private insurance companies before you buy. But if you're going to get a new job soon, cobra might be worth it. I think also that by taking cobra, you keep the same "status" with your insurance in case you get your job back.
2006-10-05 13:09:23 · answer #3 · answered by jamieinreno 3 · 0⤊ 0⤋
Cobra Insurance is what you had with the company you lost your job with, you just pay for it instead of the company, and it is normally very high cost, If you have an opportunity to get other insurance, your best bet is to get the other.
2006-10-05 13:07:54 · answer #4 · answered by Joy 5 · 0⤊ 0⤋
Cobra continues the coverage you have now , but you pay for it. They will let you know the cost
2006-10-05 13:08:32 · answer #5 · answered by kirkybaby3 1 · 0⤊ 0⤋
cobra is contiunation of benefits. you pay the premiums that your employer was paying to continue the coverage you have. it can be pricey, contact your human resource department to find out about the premiums.
2006-10-05 13:07:58 · answer #6 · answered by Emily E 4 · 0⤊ 0⤋
How long can you get cobra for
2017-03-14 11:47:15 · answer #7 · answered by Donna G 1 · 0⤊ 0⤋
this is away of comtinuing your insurance, but it seemed a lot higher to me. It may be ok for a short time, but I would try to choose another.
2006-10-05 14:38:05 · answer #8 · answered by lana s 7 · 0⤊ 0⤋