Hey
I’m 24, permanently disabled, and on my parent’s health insurance. In June I’m moving to another city to attend grad school. I have called insurance companies about getting covered and they denied me based on my disability. However they said I can go on a cobra plan and pay my own premium which has the same coverage as I do now. After I have exhausted that, Blue Cross is by law obligated to offer me a HIPAA plan, which is also essentially the same coverage but a higher premium. After that insurance companies legally can’t deny me based on my disability. However I am still considered a dependant of my parents’. I don’t quite understand all this and am hoping someone can explain it to me.
Thanks
2007-10-19 12:44:47 · 3 answers · asked by disboi 1 in Business & Finance ➔ Insurance
You can get COBRA for 18 months and you will be paying 102% of the total premium. The plan will be the exact same plan you are on currently. However, the insurance company may not operate in the new city. If that is the case you may have to return home to get coverage. You'll want to check with the insurance to make sure. If they don't offer the insurance in the new city and you move your residence you will not be able to keep COBRA.
The HIPAA plan will probably be much different than the plan you currently have: your choice of plans are limited. Many companies offer HIPAA plans other than Blue Cross and all have different plans so you'll want to shop around. The premium will be dependent upon your health and disability and will be 2 to 4 times the "normal" rate for someone of your age. You must get the portability plan within 63 days of the end of COBRA so don't delay. If you wait longer they don't have to insure you.
2007-10-19 14:28:13 · answer #1 · answered by Zarnev 7 · 2⤊ 0⤋
A dependent for tax purposes and a dependent for insurance purposes are two different things, with different rules. Whenever you can't be covered under your parents' policy any more, you'd have to find your own. COBRA lets you keep coverage through the employer covering you now, but you'll have to pay any premiums.
2007-10-19 13:05:21 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Check with your college. You may be eligible for the student health insurance they offer. Usually, it is the same rate for everyone, and therefore very inexpensive. Just be sure to compare the benefits you now have to the student insurance benefits.
After you are no longer eligible for the student insurance, you may be able to get BCBS through the state. Illinois has the Illinois Comprehensive Health Insurance Plan.
2007-10-23 09:09:16 · answer #3 · answered by r2mm 4 · 0⤊ 0⤋