what are the options for health insurance after you've been laid off?
do we get to keep it a few months?
how about COBRA prices?
6 replies (most recent on top)
Cobra is a fantastic way to pay $1000/mo. for health insurance, when you can least afford it
But I wanted a python!
from my experience from layoffs at other companies...COBRA allows you to keep the same health coverage that you have at your employer, but you pay the full premium, which includes the part the employer would pay..... so, it was pretty expensive to continue coverage for the period that I had COBRA. it was cheaper to get Obamacare coverage and not take COBRA..... but, look closely as it will depend on your situation.
You get cobra for 18 months. It’s the benefits you have but you have to pay
@ezd here is a blurb on COBRA
The Consolidated Omnibus
Budget Reconciliation Act of 1985 (COBRA) requires most employers with group
health plans to offer employees the opportunity to continue temporarily their
group health care coverage under their employer’s plan if their coverage otherwise
would cease due to termination, layoff, or other change in employment status
(referred to as “qualifying events”).
Source: http://www.cobrainsurance.com/cobra_faq/#What is COBRA?
what's cobra?