HIPAA rights and creditable coverage

Posted: Mon Dec 08, 2008 12:04 pm Post Subject:

Well, as the Hipaa rules guide us..if you're a member of a group health insurance plan, the 12 month period of exclusion may not be applicable for you. You'd probably be entitled to receive 'credit' for the enrollment period of your earlier plan. This period would then be excluded from your stipulated exclusion period.
Likewise, enjoying a 12-month continuous coverage would forgo the waiting period for your pre-existing health conditions. On a pro-rata basis you'd just need to wait for a period of 4 months if you had enjoyed the coverage for about 8 months.
Roddick

Posted: Mon Dec 08, 2008 12:56 pm Post Subject:

Hi,
See..a 63 days gap of coverage (within your coverage period) would mean that your coverage is not continuous. Cobra insurance could be of some help to you at this juncture.
Cobra may let you experience the option of retaining your earlier health coverage, that you obtained from your former employer.

Since you're actually hitting upon the entire worth of coverage, Cobra might seem a bit costlier to you. But then think of the benefits that Cobra has to offer to you-(i) it allows you to carry on with the continuous coverage (ii) Sets you free of exclusion periods for pre-existing conditions.
Regards, Fatman

Posted: Tue Dec 09, 2008 09:28 am Post Subject: insurance

COBRA>>>>>>>can someone please explain alittle bit abit them? How are they 'better' ( lack of a better word) than OTHER Health Coverage? I guess I'm looking for anyone's experience with them..good or bad.