by Guest » Sun Jan 30, 2011 01:02 am
Hi, I had a Health insurance through my previous company. I resigned there more than a week ago. I had stomach pain couple of day ago and did some medical tests and stuff. But surprisingly my insurance card worked...
I need to know why it worked?
Also, when i checked my previous "Employees benefits website", I found an option saying enroll for COBRA until certain date (Deadline)...
Now, I have 2 concerns;
1) The COBRA enrollment is very expensive. Its almost double from what I used to pay for the same health coverage.
2) What if i don't enroll will i have to pay for those medical tests from my pocket. I mean, will i be not considered insured because i wasn't working for that company anymore?
Please guide me there are only few days left for me to either enroll for COBRA.
thanks alot.
I need to know why it worked?
Also, when i checked my previous "Employees benefits website", I found an option saying enroll for COBRA until certain date (Deadline)...
Now, I have 2 concerns;
1) The COBRA enrollment is very expensive. Its almost double from what I used to pay for the same health coverage.
2) What if i don't enroll will i have to pay for those medical tests from my pocket. I mean, will i be not considered insured because i wasn't working for that company anymore?
Please guide me there are only few days left for me to either enroll for COBRA.
thanks alot.
Posted: Sun Feb 06, 2011 04:31 am Post Subject:
once you resign, you only have a short time window before your insurance lapses. you then have 3 options:
1. take cobra for up to 18 months.
2. find health insurance elsewhere either through another job or a health insurance company (ie Humana).
3. go without any health coverage and pay everything out of pocket.
I know those options aren't all that encouraging but it is what it is.
the reason cobra seems so expensive is because your former employer is no longer contributing to your premium. for me, if I were to quit my regular job, I'd have to pay cobra almost triple and without vision & dental to boot.
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