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| *Ostroff, Fair and Company>>>Insurance |
When someone leaves a job voluntarily, are they able to carry over their employers insurance at a fee? |
I am specifically wondering about carrying over health care insurance during a stretch between employment. I don't know about that but if you want to keep your insurance when you loose a job involuntarily you can get COBRA. The rates are ridiculous, might as well get another job or go on welfare if you have to resort to COBRA. Yes, it's called COBRA. But I have to tell you it's pretty expensive. You have to pay the entire cost of the insurance premium. When I left my last job, it would have cost me $1500 per month to continue getting my insurance. Yes, speak to the human resources department, the insurance is called cobra and it allows you 18 months of coverage at a group rate , which they will predetermine and is payable to your employer. Hope this helps you. Yes, it's called COBRA = it's your same insurance as you have now, but you pay the fees in full. Yes, it's called COBRA. You have to pay the monthly fee, and there is NO grace period for the payment being received. agent, 20+ years COBRA depends on the company, Federal level COBRA is only required for companies larger than 20 people, Some states have STATE HIPAA Laws that require companies under 20 people to provide COBRA or something similar. Call your local Department of Labor to find out what your laws are there. Also, if you are healthy, just go get a private policy, its much cheaper. |
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