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Anyone enrolled in COBRA?

C

Corporate Thug

Lifer
So I'm changing jobs starting Tuesday and my new employer has a three month wait period for medical benefits. I was wondering if I would be eligible for COBRA if a VOLUNTARILY left my old work (i.e. my position was not terminated; not laid off)? If so, how would I go about enrolling?

Thanks.
 
Your former employer is also required by law to provide you with a letter explaining your COBRA rights, and telling you how to enroll.

You have sixty days from the date of that letter to respond, and then forty-five days to pay premiums.
 
Yes, you are eligible even if you voluntarily leave your employer. Expect to receive your COBRA enrollment information about a month after leaving your employer.

My statement is based on personal experience from when I voluntarily left my last job two years ago.
 
MagnusTheBrewer said:
COBRA is a governmental myth. No one who can afford it really needs it.
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yup. the only reason I was able to get Cobra was because my former employer paid for it. It was something like $450 a month. I can't afford that while on unemployment. It was actually cheaper to get a single plan for myself independently. Granted, to get a plan that had matched benefits to my former employer was only slightly cheaper when getting a plan myself.
 
Been a member since the 80's.

cobra.gif
 
MagnusTheBrewer said:
COBRA is a governmental myth. No one who can afford it really needs it.
Click to expand...

this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.
 
Gibson486 said:
yup. the only reason I was able to get Cobra was because my former employer paid for it. It was something like $450 a month. I can't afford that while on unemployment. It was actually cheaper to get a single plan for myself independently. Granted, to get a plan that had matched benefits to my former employer was only slightly cheaper when getting a plan myself.
Click to expand...

Good lord, that's ridiculous. An insurance agent quoted me $270 a month for a PPO with superior benefits...
 
Corporate Thug said:
Good lord, that's ridiculous. An insurance agent quoted me $270 a month for a PPO with superior benefits...
Click to expand...

You had better look closely as to what you actually are getting.

It may be a limited PPO which has ceilings on what you actually are covered. Agents do not mention this.

Not to say that you may have lucked out, but compare apples to apples; line by line coverage.

MD visits may be covered - but only 3-4 year. If you require a followup visit - that counts toward your yearly limit.
What actually is covered for ER visits, ambulances, etc
 
brblx said:
this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.
Click to expand...

That hasn't been my experience. My full rate was about $40 more than what my cost + employer was.
 
brblx said:
this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.
Click to expand...

Under federal law, insurance companies cannot charge more for COBRA than the combined amount paid by the employer and employee.

And remember, "progressives" want to take the employer out of the equation, so that they don't share the cost with you anymore.
 
sixone said:
Under federal law, insurance companies cannot charge more for COBRA than the combined amount paid by the employer and employee.

And remember, "progressives" want to take the employer out of the equation, so that they don't share the cost with you anymore.
Click to expand...

'progressives' want this thing called 'government run healthcare' so that corporations will quit raping them in the ass. you know, like the rest of the civilized world.

but it's cool, 'sup africa?

also funny i don't think my employer was paying 600 a month for my HMO.
 
cobra plan is for CEO's who want the same cadillac health insurance plans they had, paid for by their golden parachute separation payout they earned.
 
OP, if you are like me (healthy and have some emergency backup fund), get a high deductible and low premium health policy from one of the large insurance companies. Again, ONLY if you are healthy and have some money just in case. Don't do it if you have pre existing health issues.
 
brblx said:
this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.
Click to expand...

100% false. The most they are allowed to charge you for COBRA is the total cost of the policy plus a small administrative fee. I believe the fee is capped at 3% of policy cost.
 
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