Cobra benefits for jobless..

Posted: Mon Oct 13, 2008 08:42 am Post Subject:

Hi..

I've heard of employees who had lost their jobs and even after that had the opportunity to continue with their group health plans through their employer under the Cobra Act.
On the other hand, employees whose companies had lost the group health plans were no more eligible for Cobra. At the same time you may come across certain union employees who would be entitled to such benefits through a joint negotiation that supports such medical plans.
Purpleheaded08

Posted: Mon Oct 13, 2008 08:53 am Post Subject:

Why do you need to think of a health coverage that is supported by Cobra?

Even when you're not being eligible for a health coverage supported by cobra, you may always have the option to go for any other group health coverage. If you have lost your job, you could avail another group health coverage through your new employer.
On the other hand you may ask a family member to add your name to his employer-supported family health care plan. So, as you can see you still have a couple of options left to choose from.
Crossbreed

Posted: Mon Oct 13, 2008 09:39 am Post Subject:

Hi,
Some times a pre-existing condition which comes through a previous employer's group health coverage may be eliminated under the HIPAA 1996. Such extinct policies would have a vital role to play while the policyholder goes on to apply for a similar policy under his new employer.
Caromel_merquez

Posted: Mon Oct 13, 2008 10:20 am Post Subject:

Hi,
I would rather suggest a couple of other good options for you-

• 
  
• The state govt. unemployment office would fund for public programs that offer health insurance coverage at cheaper costs.
  
• Insurance carriers have come up with health care programs that are designed for specific individuals, but to avail this service one needs to pay more in terms of premiums.

Posted: Mon Oct 13, 2008 11:09 am Post Subject:

Some employment places will let you continue coverage after you are unemployed but it is sometimes pretty costly. I would take roddick's advice and contact the unemployment office to see if there are any cheaper places out there for insurance. Good Luck.

Posted: Mon Oct 13, 2008 08:29 pm Post Subject:

Wow...all of the misinformation flying around out here...

My assumption is that the company (the employer) is going out of business based on the OPs post:

Hi, I'd like to know from you whether it is possible for the employees of a company to opt for Cobra benefits under circumstances that the company runs out of business (in the absence of health insurance) ?

Some times a pre-existing condition which comes through a previous employer's group health coverage may be eliminated under the HIPAA 1996. Such extinct policies would have a vital role to play while the policyholder goes on to apply for a similar policy under his new employer.

Posted: Mon Oct 13, 2008 08:38 pm Post Subject:

Give ya alot of credit..you sure know your stuff.