Friday, July 8, 2011

Health Insurance coverage?

I'm now covered by the employer's health insurance (with dental) plan. After I quit/leave current job, how does this health insurance coverage work? Before I'm hired by other company, what options do I have on the health insurance?
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As others have noted, you may have COBRA rights, which would allow you to continue your employers' coverage -- but you have to pay 100% of the premium PLUS an administrative fee of 2%. So if your employer has been subsidizing 80% of your $100 premium your cost to continue this coverage would be $102 -- an increase of $82. You should know, however, that COBRA applies only if there are 20 employees at your firm. If the company has less than 20 workers, there may be a state "mini-COBRA" available to you. I know there is in California, but not all states have it. Your other alternative, and it will probably be less expensive for you, is to buy an individual policy. If you're in California you can find good plans from Blue Cross, Blue Shield, and Health Net at www.InsuranceNeighborhood.com. Outside of California I hear good things about www.InsureLane.com. You can get to either of these sites from www.hi4i.com, too. By the way, while I'm sure Blondie means well, be careful of these kind of programs. They are NOT insurance. They are simply a discount program. There's no cap on what you'll have to spend. And, if you go this route, call your doctors and make sure they accept your particular discount program.
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