| Message |
Author |
|
 Posted: Thu Jul 24, 2008 4:29 pm Post subject: cobra plans |
|
|
| should someone who is on a cobra plan stay on until it expires? |
|
murph
Full member
Joined: 18 Jul 2008
Posts: 53
19.33 Dollars($)
|
|
| Posted: Fri Jul 25, 2008 5:58 am Post subject: |
|
|
Well, it may entirely depend upon the circumstances before the individual. COBRA benefits last for eighteen months only and you're required to enroll yourself with your new employer's group health plan within this time period, otherwise you may find yourself without coverage.
However, if you can't find a plan to cover you within this time frame and is required to obtain an individual health plan, you should continue with the COBRA insurance for the entire period of eighteen months, because it's a HIPAA requirement.
Regards,
Juanita
_________________
Insuranceguy.ampminsure.org |
|
Juanita
Moderator
Joined: 04 May 2007
Posts: 467
Location: Idaho
100.81 Dollars($)
|
|
| Posted: Fri Jul 25, 2008 9:24 am Post subject: |
|
|
I guess the recipient of the COBRA benefits can discontinue the coverage on his own accord. COBRA, normally, costs higher than a health plan. Hence discontinuing the plan may help the policy holder to save money on it.
_________________
Register Now to have your Insurance queries solved. |
|
haywireplus
Guest
|
|
| Posted: Fri Jul 25, 2008 9:49 am Post subject: |
|
|
I agree haywire, that COBRA is costlier than normal health coverage, but the purpose of the COBRA coverage justifies the cost.
COBRA allows the policy holder to continue with his existing group health insurance plan even after leaving the job, so that he doesn't end up loosing the benefits when he retires or making a job shift.
_________________
Register Now to have your Insurance queries solved. |
|
barbaricgemini
Guest
|
|
| Posted: Mon Jul 28, 2008 5:41 am Post subject: |
|
|
COBRA plans may be expensive but they are especially helpful to those who have serious pre-existing conditions that would make individural policies difficult or expensive to obtain.
This is annother purpose of the HIPPA laws to guarantee this group coverage after their COBRA expires in 18 months.
_________________
Register Now to have your Insurance queries solved. |
|
Guest
|
|
| Posted: Mon Jul 28, 2008 1:03 pm Post subject: |
|
|
hi..when I think of the cost burden that comes with the pre-existing condition it seems like being in peace with COBRA in place!
Its like you move from one door to another & beg for water & doors getting slammed upon your face.
Regards.. Plasticmind
_________________
Register Now to have your Insurance queries solved. |
|
Plasticmind
Guest
|
|
| Posted: Wed Jul 30, 2008 4:48 pm Post subject: |
|
|
you should stay on COBRA for as long as you need it. it is more costly than a health plan through an employer where you pay into your insurance. but it is better coverage than you're going to get purchasing insurance as an individual. it's all dependant upon your own needs.
_________________
-tentel
Stop Cold Calling, and Start Marketing!
http://www.rateyourinsuranceagent.com/signup.php |
|
tentel
New member
Joined: 25 Mar 2008
Posts: 31
10.52 Dollars($)
|
|
| Posted: Thu Aug 14, 2008 3:01 am Post subject: |
|
|
I advise my clients to get an individually underwritten plan as soon as possible and not wait for their COBRA to expire.
This is for two reasons.
The most important is that if they develop a medical condition between now and when their COBRA expires, they may become uninsurable. Since you can't guarantee the future, the sooner the get on a plan that can't be taken away from them the better.
The second reason is that COBRA is usually more expensive.
Older clients will sometimes pay less for COBRA, but the insurability issue is something that I always bring up in our discussions.
_________________
Insurance blog
Personal insurance quotes
CT health insurance
insurance leads |
|
Alston
Preferred member
Joined: 15 May 2007
Posts: 109
Location: Bridgeport, CT
35.69 Dollars($)
|
|
| Posted: Wed Aug 20, 2008 12:14 am Post subject: assurant |
|
|
| does anyone know about assurant health insurance? |
|
murph
Full member
Joined: 18 Jul 2008
Posts: 53
19.33 Dollars($)
|
|
| Posted: Tue Sep 02, 2008 6:11 am Post subject: |
|
|
Assurant is one of the larger companies. They offer insurance through Time, Fortis and John Alden. The do a good amount of short-term coverage, group coverage and individual.
Their HSA plans are sometimes competitive. Solid company.
_________________
Insurance blog
Personal insurance quotes
CT health insurance
insurance leads |
|
Alston
Preferred member
Joined: 15 May 2007
Posts: 109
Location: Bridgeport, CT
35.69 Dollars($)
|
|
| Posted: Thu Sep 04, 2008 12:14 am Post subject: no |
|
|
no they shouldn't you should use those 18 months to shop for another plan.
Chad Levin
EasyToInsureME[dot]com
system edited-link decativated |
|
EasyToInsureMe
New member
Joined: 27 Aug 2008
Posts: 11
4.75 Dollars($)
|
|
