by Guest » Thu Oct 14, 2010 04:18 am
I wasn't aware that the rate for my employer group insurance was a weekly rate and the premium is too high for me, i can't affort to pay that, paying for insurance means that I might have to stop paying my other bills and I can't cancel it until next enrollment period, any advise for my mistake?
Posted: Thu Oct 14, 2010 04:22 am Post Subject:
I assume you are speaking about continuation of the group insurance under COBRA. That often results in a rude awakening for many folks.
You don't mention what your age is or where you are located. If under age 65, there should be a number of HMO or PPO offerings in your area that may be more affordable. The trade-off is that your level of benefits will probably be lower, and your out of pocket costs in addition to premiums could be higher.
A good local indpendent agent or broker can assist you.
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