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Message
Cobra Insurance/Pre existing condition
Posted on 10/13/20 at 7:23 pm
Posted on 10/13/20 at 7:23 pm
Couple of questions here. I just recently got let go at my job. I am told by the president of the company and my woman at United Health Care that I will have coverage through the end of the month. Technically my last day on the payroll is this Friday. My wife, had a stroke a year ago and is still in recover. How can I verify what they are claiming is fact? I can't have any lapse in coverage do to my wife's current condition. I am ready to pay for a couple of month's worth of coverage right now to just have peace of mind. I have a couple of solid leads on new jobs. With my next employer, how will my wife's condition effect my insurance there? Thanks in advance.
5
Posted on 10/13/20 at 7:29 pm to JBM210
your employer should mail you a form to elect cobra, send it back with the premium due and the employeer will handle the rest
will be like you never lost coverage. You are responsible for mailing in your premium each month, or else they could cancel your policy
edit
for your next employer, depending on their benefits, you will likely have a waiting period before you can enroll. Pre-existing conditions are covered through obamacare. You should continue on COBRA through your old plan until you are live on the new employers plan.
will be like you never lost coverage. You are responsible for mailing in your premium each month, or else they could cancel your policy
edit
for your next employer, depending on their benefits, you will likely have a waiting period before you can enroll. Pre-existing conditions are covered through obamacare. You should continue on COBRA through your old plan until you are live on the new employers plan.
This post was edited on 10/13/20 at 7:30 pm
Posted on 10/13/20 at 7:35 pm to JBM210
I highly recommend you find an insurance broker or go through the state exchange for insurance. You need to shop around, COBRA is usually very high rates.
Posted on 10/14/20 at 8:27 am to Taffeta
quote:
your employer should mail you a form to elect cobra, send it back with the premium due and the employeer will handle the rest
will be like you never lost coverage. You are responsible for mailing in your premium each month, or else they could cancel your policy
This post answered it perfectly, but I would add that COBRA is an extension of your current policy; the difference is you are paying for up to 102% of the premium instead of having your employer pay a portion.
Posted on 10/14/20 at 10:59 am to Weekend Warrior79
Yea. Basically I continue the exact same policy that is in effect but I am responsible for paying the full premium. They claim that me and my wife are covered through the end of the month. First, how can I get proof of that? Second, how can I possible turn around the paperwork to sign up for Cobra and have the premium paid and processed before Nov 1?
Posted on 10/14/20 at 11:40 am to JBM210
Your coverage will remain the same and cover the pre existing condition but you will have to pay 100% of the premium which will be sky high.
You will probably be looking at 2K + a month
You may check to see if she could qualify for a state/federal ran program :
Medicaid provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, elderly adults and people with disabilities. Medicaid is administered by states, according to federal requirements. The program is funded jointly by states and the federal government.
You will probably be looking at 2K + a month
You may check to see if she could qualify for a state/federal ran program :
Medicaid provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, elderly adults and people with disabilities. Medicaid is administered by states, according to federal requirements. The program is funded jointly by states and the federal government.
Posted on 10/14/20 at 12:57 pm to JBM210
Might want to enroll in a sharing ministry.
This post was edited on 2/5/21 at 12:28 pm
Posted on 10/14/20 at 1:15 pm to JBM210
quote:
They claim that me and my wife are covered through the end of the month. First, how can I get proof of that? Second, how can I possible turn around the paperwork to sign up for Cobra and have the premium paid and processed before Nov 1?
1) You can check with HR/plan adminstrator and have them put in writing when your coverage will lapse.
2) Good thing about COBRA is that it provides retroactive coverage up to 60 days anyway. Usually there's a lag from when your coverage lapses and when they send you the COBRA paperwork anyway to fill out. As long as you have the paperwork filled out, submitted, and premiums paid by 60 days you're good to go.
I used COBRA for 3 months between jobs. It took about 3-4 weeks to have all of the paperwork filled out and submitted anyway. I didn't have any issues with the bills we incurred between my job ending and the initiation of COBRA. You're keeping your same insurance plan.
It is expensive. I think we were paying around 2100/month if I recall.
Posted on 10/14/20 at 3:15 pm to Puffoluffagus
You HR/plan administrator will also provide you with the paperwork that will tell you where you need to send in the paperwork & payment.
I understand this is a stressful time right now, and health insurance is very important to you. But the COBRA stuff is fairly simple. The most difficult part is remembering to send in your monthly check.
I understand this is a stressful time right now, and health insurance is very important to you. But the COBRA stuff is fairly simple. The most difficult part is remembering to send in your monthly check.
Posted on 10/14/20 at 8:50 pm to JBM210
Your employer can provide you a Summary Plan Description or Plan Document that defines eligibility, commencement and end of coverage.
This post was edited on 10/14/20 at 8:51 pm
Posted on 10/15/20 at 8:25 am to Corn Dawg Nation
Cobra is very expensive...I would look at Medicaid
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