RTURNSONLY
Well-Known Member
Anyone here ever had any dealings with the infamous COBRA insurance @ Express? Any idea how much approximately it costs per month?
(PS. I heard it's ridiculous expensive)
(PS. I heard it's ridiculous expensive)
OUCHHH. I should begin looking into private insurance quotes, COBRA sounds like highway robbery//Appreciate the info.$500 range. And, that's for single person.
Thanks so much for the information Rico, Ill definitely start doing lost of reseach and phones calls soon. Of course, I make sure I'll be sitting down.When I got out in 2010, COBRA rates for former Express employees were quoted around $800-900 per month for a family.
I was able to find a much cheaper rate by going directly to an insurance provider and setting up a policy that way. It was short term catastrophic coverage only, but it fulfilled the need.
The only real advantage COBRA offers, is for those with some form of pre-existing condition for which they are incurring regular medical expenses - people in this category would find it nearly impossible to find insurance on their own that would be cheaper than COBRA (no one in my family had a pre-existing condition).
Given the changes taking place under Obamacare, I'd have to imagine that the costs of obtaining insurance on your own would have only INCREASED in the past couple of years. If I was getting out now, I'd imagine that I would've taken the COBRA option until I was covered under my new group employment plan.
The only reason you would pay for cobra is if you have re-curring med. expenses ("pre-existing") or, someone in your family does.
Also, if you have any lapse in health care coverage, with a "pre-existing condition" and don't fill that gap with cobra, you're screwed.
Basically, if you or, anyone under your health care has any sort of on-going medical need, you better have cobra until you get to your next health care coverage plan.
edit.
I'm not in H.R. or, health insurance. I only know this due to a family member going through this right now.
The only reason you would pay for cobra is if you have re-curring med. expenses ("pre-existing") or, someone in your family does.
Also, if you have any lapse in health care coverage, with a "pre-existing condition" and don't fill that gap with cobra, you're screwed.
Basically, if you or, anyone under your health care has any sort of on-going medical need, you better have cobra until you get to your next health care coverage plan.
edit.
I'm not in H.R. or, health insurance. I only know this due to a family member going through this right now.
OUCHHH. I should begin looking into private insurance quotes, COBRA sounds like highway robbery//Appreciate the info.
Under the Affordable Care Act, you can no longer (or starting in 2014) be denied for pre-existing conditions
That right there is a BIG plus!!!Under the Affordable Care Act, you can no longer (or starting in 2014) be denied for pre-existing conditions
Under the Affordable Care Act, you can no longer (or starting in 2014) be denied for pre-existing conditions
What percentage of the total monthly insurance cost of the CIGNA Premier plan does the Company (Express) actually pays? I'm talking for employee-only, not the family plan.