Budget101 Discussion List Archives Budget101 Discussion List Cobra Insurance info needed or any help with this matter. Thank you!

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      cobra is congressional act that guaranteesmost can continue the health insurancethey received through their former employer by paying their portion of the premium along withthe portion that you were already paying. consequently the premiums are going to vary from employer to employer. you can opt for lesser coverage if that option is available to regular employees.

      you need to contact the hr department of your husband’s former employer, they still administer the insurance program and can tell you all the options available to you. lori.

      jaimie wrote: Hi, my husband recently changed jobs and we had to take the Cobra
      insurance for 3 months until his insurance at his new job takes
      effect…due to the fact that we both have pre-existing conditions and
      his new insurance at his new job could turn us down for that we found
      out.
      There cant be a lapse in insurance or the new ins. company can decline
      you and your family – no matter what. SO we are stuck with this Cobra
      insurance.
      We found that our prescription totals would be less then the premium
      but we have to have insurance to have us covered under a new job
      because of thep pre-existing conditions.
      Get this – our premium is $848.00 a month!

      But we have to have it or
      we may never be covered again if we have a lapse in insurance.
      Our next premium is due at the end of Dec. and
      it says it has to be
      paid in full…does anyone know if we can make payments to them or
      what else we can do…thats alot of money for us and will take over 2
      paychecks to just pay for the insurance.
      We only have to have it until Feb. 1st but it’s killing us and our
      Christmas by paying it.
      Anything you know about Cobra would be great.

      We tried to sign up for a few things but PPA was not a insurance
      policy and we would lapse and risk losing insurance for us and our
      kids, and through the state we make $48.00 too much gross.
      If they would look at what we bring home in pay instead of gross wew
      would be under the limit by alot. So we are stuck with cobra.
      Thank you.

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Budget101 Discussion List Archives Budget101 Discussion List Cobra Insurance info needed or any help with this matter. Thank you!