I plan to leave the small business (less then 10 employees) that I work for. I don't think that they are required to offer cobra- but can they? What other options are available? I live in VA and I have a chronic illness so an individual policy would be unaffordable.
2007-04-08 11:50:27 · 7 answers · asked by ella 4 in Business & Finance ➔ Insurance
If you have health insurance currently you can take it with you through cobra. Cobra doesnt actually have anything to do with your employer, more to do with the insurance company. Basically you will be paying the full premium for the insurance plus 2% (admin fee). And if your employer was making any contributions to your health ins plan before you left be prepared for the price you pay to jump upwards.
The main thing though is to continue the coverage (not for the obvious reasons like what if i get sick) so that when you get to a new job and start up the benefits plan there, you won't get whacked with any pre-existing conditions waiting periods.
In any event, you can use the COBRA for up to a year in most cases (sometimes longer).
Talk with your hr / benefits coordinator or worse case call your ins company custormer service number.
Good luck.
2007-04-08 12:47:35 · answer #1 · answered by Crighton 3 · 0⤊ 0⤋
distinctive long winded solutions right here. The COBRA election lets you proceed coverage decrease than your former employers well being plan. in case you opt for this coverage you pay 102% of the top classification quantity the corporation grow to be paying. in case you have a pre-contemporary difficulty i could choose the COBRA election. If there at the instant are not pre-contemporary choose the extra decrease priced coverage. in case you opt for COBRA and a difficulty seems interior the 18th month your coverage will quit and the guy coverage is probably no longer an selection. in case you do have some well being subjects you are able to desire to flow with COBRA, have those issues dealt with decrease than the former employers coverage and then choose somebody coverage. this could keep those expenses out of the claims checklist for the guy coverage. stable luck!
2016-12-08 21:47:31 · answer #2 · answered by Erika 4 · 0⤊ 0⤋
COBRA is expensive and is only temporary, at best - I think you can get it for up to 3 months. If you're not joining another business that has group coverage, you should check out the Virginia Office of Managed Care - they have an insurer of last resort (Blue Shield / Blue Cross), which must provide insurance to anyone. Contact the Office for more information or check out their website: http://www.scc.virginia.gov/division/boi/webpages/boiombudman.asp
2007-04-08 12:46:49 · answer #3 · answered by AC Knock 2 · 0⤊ 0⤋
Any employer can offer Cobra, because it doesn't cost them anything - the entire premium comes out of your pocket. Ask your HR person (or whomever handles your benefits) about it, and if they're clueless, call member services at your plan and ask them how to apply for the Cobra coverage - they might have the paperwork to send you.
2007-04-08 11:57:25 · answer #4 · answered by zippythejessi 7 · 0⤊ 0⤋
Check here;http://www.cobrainsurance.com/
2007-04-08 11:54:24 · answer #5 · answered by Mary O 6 · 0⤊ 0⤋
i had that from one of jobs.they moved to mexico,it was very exspencive.about 1200 big ones for 2 mon.think about that.
2007-04-08 12:15:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
try here. http://www.tkqlhce.com/click-1748196-10307963
2007-04-08 15:01:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋