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MrsT809
LIF Adult
Member since 9/09 12167 total posts
Name:
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Unemployment and health care question
Anyone knowledgeable in this area mind sending me a pm to answer a question or two?
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Posted 6/14/16 4:00 PM  |
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ANewDayHasCome
Love multiplies, not divides
Member since 11/12 14481 total posts
Name:
Me
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Unemployment and health care question
Not sure what your questions are but when I was unemployed I did cobra. Another time I did ghi just for hospitalization if Gd forbid something happened.
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| Posted 6/14/16 4:17 PM |
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MrsT809
LIF Adult
Member since 9/09 12167 total posts
Name:
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Unemployment and health care question
Asking for a friend but his impression is that cobra will take up his full benefits and then some. Really have no idea how this works but that's pretty rough.
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| Posted 6/14/16 5:33 PM |
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ANewDayHasCome
Love multiplies, not divides
Member since 11/12 14481 total posts
Name:
Me
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Re: Unemployment and health care question
Not sure what you mean by take up his full benefits?
Cobra lets you continue your health coverage when it would normally be terminated. You pay to continue it but it's important to do so there's no lapse in coverage, for obvious reasons. Also a lot of insurance companies won't cover you unless you're already insured and coming off another plan.
https://www.dol.gov/ebsa/faqs/faq-consumer-cobra.HTML
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| Posted 6/14/16 5:58 PM |
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MrsT809
LIF Adult
Member since 9/09 12167 total posts
Name:
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Unemployment and health care question
I just mean the health coverage per month will cost more than his entire unemployment benefits.
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| Posted 6/14/16 6:01 PM |
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ANewDayHasCome
Love multiplies, not divides
Member since 11/12 14481 total posts
Name:
Me
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Re: Unemployment and health care question
Posted by MrsT809
I just mean the health coverage per month will cost more than his entire unemployment benefits.
Oh def. sucks.
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| Posted 6/14/16 6:04 PM |
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LiveandLearn
LIF Adult
Member since 4/10 1588 total posts
Name:
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Re: Unemployment and health care question
Posted by MrsT809
I just mean the health coverage per month will cost more than his entire unemployment benefits.
It is very possible. Cobra is extremely expensive and benefits aren't that great.
Is unemployment short term for him? You have 90 days to start Cobra with a retroactive payment. So if on day 85 you get sick and need Insurance then you can start Cobra but will have to pay for the prior months as well. I purposely didn't start it, I had one doc appointment during the time I would be on it and it was cheaper for me to pay for it out of pocket. My new job and insurance kicked in at day 89 so I just waited it out knowing that Cobra was a back up if absolutely necessary.
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| Posted 6/14/16 6:51 PM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Unemployment and health care question
Cobra might be expensive but he should also be able to go on the exchange and get benefits.
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| Posted 6/14/16 7:50 PM |
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Re: Unemployment and health care question
If he is the only wage earner in his family he may be eligible for Medicaid. Cobra is very expensive. Unemployment in ny is a little over 400 a week
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| Posted 6/15/16 8:16 AM |
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