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 Posted: Mon Jun 21, 2010 11:21 am Post subject: Short-term health insurance bridge plans |
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I've heard that there exists a couple of health insurance bridge plans that help young graduates who're no more covered either under their college plans or under their parents' policies. Is it true? What sort of plans are these?
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Tsar-e-vina
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| Posted: Tue Jun 22, 2010 11:05 am Post subject: |
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| FOA, the policy is temporary. It's aimed to cover youngsters under an emergency situation. It's not meant to cover checkups. |
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steven
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| Posted: Wed Jun 23, 2010 10:46 am Post subject: |
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I have this feeling as if our govt. was in a hurry to pass our reform bill.
I have reasons to believe that a period of 6 months is too less to incorporate such a bill within our economy. I haven't come across any good govt. plan that fills up the temp gap.
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sil
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| Posted: Thu Jun 24, 2010 7:44 am Post subject: |
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One of the primary concerns is whether you'd again be covered under your parents' policies now that you don't have it for summer (after the legislation comes into effect). I don't think it would be difficult to get back the same benefits for similar rates. UNC coverage doesn't cover you once you're a graduate.
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anonymous00
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| Posted: Mon Jun 28, 2010 7:12 pm Post subject: hi |
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hi,
i am really want to know about this if any have good suggestion then please send me private message.
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SamDicasto
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| Posted: Mon Jun 28, 2010 7:27 pm Post subject: |
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You've just graduated from college or moved out on your own, and you're no longer covered under your parents' health insurance plan. Or perhaps you've flown the coop on your cubicle job and you're looking for the next big thing. Maybe you've found a new job, but your new employer's group health insurance plan won't kick in until you've been with the company for three months. These are good reasons to look into short-term health insurance if it's available in your state.
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SamDicasto
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| Posted: Fri Jul 02, 2010 10:36 am Post subject: |
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| There is a lot of talk about Medicare Supplements these days. Some of the Medicare Supplements, often called Medigap, cover different things. Medigap Insurance Plans help the beneficiary to pay for those costs are not been included under the policy coverage of the original Medicare plans. In addition, Medicare Advantage covers a number of things that are not covered by basic plans. |
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Dumbell
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| Posted: Fri Jul 09, 2010 6:15 am Post subject: |
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| Quote: | | I have this feeling as if our govt. was in a hurry to pass our reform bill. |
Really? No! What was your first indication? The whole thing is a mess. Change things for 285,000,000 people or more, in order to cover an additional 17,000,000? What about the remaining 30,000,000 left behind? [[ Or did I reverse the numbers? The point is, they effectively wounded an entire functioning system, instead of simply concerning themselves with the 40-some million uninsured. ]]
| Quote: | | Medicare Advantage covers a number of things that are not covered by basic plans. |
Medicare Advantage plans substitute commercial HMO/PPO coverage for "Original Medicare" (Parts A & B) that Medicare Supplement insurance plans are designed to integrate with. Very different discussion. But they generally do provide more comprehensive health care for our seniors than the government's Original Medicare program.
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MaxHerr
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| Posted: Thu Jul 29, 2010 11:43 pm Post subject: Health Ins Bridge Plan |
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I coming off COBRA coverage and of age to obtain Medicare bu ineligible to apply for part B until general enrollment period in Jan-Mar 2011. Even though my wife and I are over 65, I have heard there are bridge plans available to fill the gap. Do you have any information
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dmoore32@cinci.rr.com
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| Posted: Thu Jul 29, 2010 11:52 pm Post subject: Health Insurance Bridge Plans |
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| That's me from above. Didn't realize I was not registered. Anyway, I coming off COBRA coverage and of age to obtain Medicare bu ineligible to apply for part B until general enrollment period in Jan-Mar 2011. Even though my wife and I are over 65, I have heard there are bridge plans available to fill the gap. Do you have any information |
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DMoh1
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| Posted: Fri Jul 30, 2010 4:19 am Post subject: |
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| Quote: | | I coming off COBRA coverage and of age to obtain Medicare bu ineligible to apply for part B until general enrollment period in Jan-Mar 2011. Even though my wife and I are over 65, |
Mr. Moore . . .
You are mistaken. You do not need a "bridge plan" at all. If your group coverage continuation under COBRA is ending, you will begin an automatic 8-month "SPECIAL ENROLLMENT PERIOD" and can enroll in Medicare Part B immediately! Your "creditable coverage" will entitle you to enroll in Part B and Part D plans without a premium penalty. You don't want to goof this up!!
You should visit your nearest Social Security office and enroll in Medicare Part B immediately. Once enrolled, your coverage will begin the first day of the following month. So guess what? If you go tomorrow, July 30, your coverage can begin on August 1.
Once enrolled in Part B, you are immediately eligible to enroll in a Medicare Advantage plan if you are interested in HMO/PPO coverage instead of "Original Medicare" Parts A & B, plus a Part D prescription drug plan. Depending on where you reside, Medicare Advantage plans may be available, including the Part D PDP, at no additional cost.
If you are not interested in the added benefits of a Medicare Advantage plan, then you can stay with Original Medicare, but you'll have to purchase a separate Part D PDP, and you would be wise to investigate a Medicare Supplement plan to help you avoid the out-of-pocket expenses and other gaps in health care courtesy of Medicare.
If you are in California, feel free to contact me for more assistance. You can use the "instant PM" link under my name above.
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MaxHerr
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| Posted: Fri Jul 30, 2010 1:54 pm Post subject: Medicare Special Election Period |
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| I have learned the hard way. See Special Enrollment Period, page 22, 2010 Medicare & You booklet. If you have COBRA coverage, you must enroll during the 8-month period that begins the month after the employment ends. Even the first representative who have me paperwork to sign up for Part B wasn't aware of that. Of course now that it is on our record that we are denied, we are out of that option. Thus, we are still are looking at a bridge plan. Anyone have some sources? |
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DMoh1
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| Posted: Fri Jul 30, 2010 5:59 pm Post subject: |
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Well, I have misread that, too. My mistake. At least, once enrolled in Part B, you will have a 6 month period of guaranteed acceptance for a Medicare Supplement plan. Unfortunately, it appears that you will have the lifetime disadvantage of the premium penalty for Part B.
The Part D Prescription Drug Plan only requires enrollment in Medicare Part A, so you should at least enroll in a Part D plan as soon as your COBRA benefit expires (or perhaps enroll ahead of time just to make sure that there is no gap in coverage) in order to avoid the 1% PER MONTH lifetime premium penalty for that.
Unfortunately, you cannot enroll in a Medicare Advantage plan prior to enrolling in Part B, so all the hype that will be coming in a couple of months won't do you much good, other than alerting you to any plans available in your area. When enrolling in Part B after January 1, your Part B will not begin until July 1, which is the earliest your coverage in a Medicare Advantage plan would start also.
So sorry you have fallen victim to the government's ridiculous patchwork of rules and regulations for the only national plan of health care currently in existence. Not what one expects after having paid into the system most/all of one's working life.
It can only get worse on 1/1/2014 if Obamacare is not overhauled before then.
So to answer your original question about a "bridge" plan, many insurers offer such plans. They are not inexpensive, depending on the coverage you require. A good (i.e., experienced) local agent will be able to help you and your wife evaluate what's available in your area. Major companies to offer such plans include Aetna, CIGNA, and some of the Blues, as well as other HMO/PPO providers whose names you would recognize.
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MaxHerr
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| Posted: Mon Dec 12, 2011 11:13 am Post subject: I want to thank you for such a meaningful blog post |
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Thank you webmaster for such a meaningful blog post. I am impressed with your view on Short-term health insurance bridge plans.
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coupons
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| Posted: Wed Feb 29, 2012 2:17 am Post subject: rgElZEnsBTs |
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Your coaemntmry is more balanced than some, but the facts remain we are heading into a world where there will be 2 workers for ea retiree unsustainable to say the least. I don't think that the younger generation is unwilling to help seniors in need, but a line has been crossed here. The younger generations are paying more and mor4 fica and medicare taxes have done increased and are going to have to go higher. Still, they have literally no hope of receiving benefits anywhere close to wbat today's seniors are getting. There is no disputing these basic facts.I understand the need for self preservation, but there is something perverted about parents and grandparents throwing their kids and grandkids under the bus so to speak. It would be one thing if we had elders living in abject poverty. The fact that in many cases, the elderly are better off financially than their kids. In terms of the transfer you mentioned in the form of real estate, I say bunk. To cry poor boomer when a market was severely overvalued due to the very financial maneuvering and game playing by the boomers finally gets half-way to reasonable is obscene. In the 60's and 70's, one could buy a reasonable middle class home for twice your salary. The median salary now is about $50K. Think you can buy a house today for $100K. Not where I live. Never mind ins premiums will cost you $6K for a family. Wasn't that when you were young. You have to have dual income families and therefore need daycare add another $20K at least to your budget. I just wish we could all get together and decide on what would be fair to EVERYONE.;
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Zahrau
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