SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (138277)10/6/2013 3:38:35 PM
From: tonto  Read Replies (1) | Respond to of 149317
 
Cobra protects most everyone upon leaving a company. It is not up to the employer...it is the law.
It was great that your new company gave you a raise in income, and hence the increase in taxes.
The pre-existing condition is a difficult issue for everyone and it will be interesting to see how the market reacts down the line in their pricing while providing coverage.



To: ChinuSFO who wrote (138277)10/7/2013 10:31:38 AM
From: manalagi  Read Replies (3) | Respond to of 149317
 
COBRA is the law. It provides coverage up to 18 months after separation from the company regardless of cause - fired, resigned or retired.

The insurance premium is usually subsidized by the employer. When a person is no longer working, the subsidy ends so that the former employee is charged full priced for the premium. That's the reason why COBRA's premium jumps to a seemingly "outrageous" level, yet it was the amount that has been charged all along except the employer pays most of it.