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I am specifically wondering about carrying over health care insurance during a stretch between employment.

2006-12-14 22:56:14 · 8 answers · asked by Imposter 1 in Business & Finance Insurance

8 answers

I don't know about that but if you want to keep your insurance when you loose a job involuntarily you can get COBRA. The rates are ridiculous, might as well get another job or go on welfare if you have to resort to COBRA.

2006-12-14 22:58:32 · answer #1 · answered by MsFancy 4 · 1 0

In 1986 Congress passed the Consolidated Omnibus Budget Reconciliation Act (COBRA). The law provides continuation of group health coverage that otherwise would be terminated. However you begin paying the full premium, no longer reaping the benefit of your former employer paying part of it.

If you have no or minimal pre-existing health conditions you should be able to obtain a policy in the individual market from an agency such as ours. We shop the market and compare insurance companies for you. You then purchase direct from the insurance company through us at no additional cost!

Individual policies general cost less than Cobra but have higher deductibles and office copays to do that. Still, a good independent agent can find the best policy, the best company at the best price for you.

Another less expensive alternative would be a temporary insurance policy. Be careful to understand what you're purchasing with temporary policies. They are underwritten post claim, which means if you do file a claim at that point they will examine your medical records to see if in fact you qualified for the insurance when you purchased it. Companies have the right to deny claims and cancel policies if they determine something was pre-existing or undisclosed.

Feel free to contact our agency for help. And good luck!

2006-12-15 21:05:56 · answer #2 · answered by KC www.thepolicyconnection.com 1 · 0 0

COBRA depends on the company, Federal level COBRA is only required for companies larger than 20 people, Some states have STATE HIPAA Laws that require companies under 20 people to provide COBRA or something similar. Call your local Department of Labor to find out what your laws are there.
Also, if you are healthy, just go get a private policy, its much cheaper.

2006-12-15 14:20:33 · answer #3 · answered by camandkellysmom 2 · 0 0

Yes, speak to the human resources department, the insurance is called cobra and it allows you 18 months of coverage at a group rate , which they will predetermine and is payable to your employer. Hope this helps you.

2006-12-15 07:01:24 · answer #4 · answered by Anonymous · 1 0

Yes, it's called COBRA. But I have to tell you it's pretty expensive. You have to pay the entire cost of the insurance premium. When I left my last job, it would have cost me $1500 per month to continue getting my insurance.

2006-12-15 06:59:09 · answer #5 · answered by jingles 5 · 1 0

Yes, it's called COBRA = it's your same insurance as you have now, but you pay the fees in full.

2006-12-15 08:46:53 · answer #6 · answered by zippythejessi 7 · 0 0

Yes, it's called COBRA. You have to pay the monthly fee, and there is NO grace period for the payment being received.

2006-12-15 10:01:20 · answer #7 · answered by Anonymous 7 · 0 0

yes, possible

2006-12-17 07:15:02 · answer #8 · answered by Anonymous · 0 0

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