Should I hold COBRA or return with individual vigour insurance?
I am 60 yrs old and have large blood pressure. My spouse is 62 and smokes. Under COBRA, we would pay $836 a month for medical and dental. That coverage started in February but I own until May to decide if I want COBRA or not. At this point, if I choose COBRA, I have to payment for the months of February and March which have already passed. It’s a federal law which make no sense. But anyway, that’s $1672 out the window. Am I better off using my money to achieve individual health insurance? My concern is that I don’t know how having big blood pressure and my spouse being a smoker will affect things. Also, I recently have some dental work done and told them they may have to file a claim through COBRA if I do obtain it. The billing lady told me that they have problems near billing to COBRA because it’s taking COBRA 60 to 90 days to pay a claim which will incur interest for the patient. Has anyone experienced this? I'm purely so confused about all this. I'd appreciate any guidance.
It sounds like you are in "the cavity." No longer working but not yet eligible for Medicare. I would recommend taking the COBRA coverage for now (it singular lasts 18 months) while you investigate individual coverage. I fear that you're going to find individual coverage difficult to dig up: very expensive with exclusions for existing conditions. But the COBRA will furnish you some time to investigate. Good luck.
i agree, bite the bullet and remuneration for past few months of cobra. insurance companies are worse than las vegas - they always play the probability. you're really going to have to do some looking and most individual plans won't cover dental with extra glorious premiums. it does take cobra a long time to pay, but convey your MD that it's going through cobra or write than on any bill you receive plus the HR or cobra admin's phone number so you can get some help. dutiful luck!
COBRA is a joke, you are much better off trying and finding individual condition insurance. It may take awhile but be sure to look around, there are some great companies out within.
Has an insurance company actually agreed to OFFER you coverage?
My guess is, at 60 with glorious blood pressure, you're NOT going to find anyone to give you health insurance, for both of you, for even $1,200 a month. Oh, and it wouldn't include dental, any.
My advice - take the cobra, for as long as you can. I strongly suspect you won't seize coverage anywhere else at twice the price.
Finding an individual policy that will adopt you and your husband with pre-existing conditions will be difficult (if not impossible). Why not go to an Independant Agent within your area to find out? He (or she) will be able to bring up to date you if you will be able to get chronological the underwriting. However, it wil take time to move about through that process and get approval. AND if you had the dental work done surrounded by Feb or March, YOU will be liable to pay for it-since you did not pay for COBRA, you enjoy NO coverage (unless you decide to pay the spinal column premiums now).
Chances are, you will have to pay the COBRA rates.
based upon your status,I believe you should find something useful here.http://health-insurance.expert-tip.info/...
You should singular keep COBRA if you can't get individual coverage. . Your medical conditions described here are not that big of a business deal. You may want to consider an HSA.
You are running our of time to find an individual policy and get approval by may 1st. You will need to draw from you application in ASAP.
I suggest using yellowpages.com to search for vigour insurance brokers in your area. A Broker represents multiple carrier and can help you sort through all the different insurance companies and plan option in your state. Don't call your auto and home agent they specialize contained by property and causality insurance. You need someone that specializes in robustness insurance. These areas of insurance even require separate licenses.
If you live in MD, VA, DC grain free to contact me.
PS. Based on the info provided A Blue Cross HSA in VA for you would cost Approx $440 per month with a $6,000 deductible.
Answers: Short Answer: Take the COBRA, pay the back premium, and when you turn 65, hop on Medicare A, B, D and Medigap.
Long Answer: It is terribly difficult, if not impossible, for a high-blood pressure, secondhand smoker at age 60 to find individual health insurance that will cover what you want it to cover, and probability are good that it will be more expensive than COBRA. $1672 for two months of back foot may be difficult to swallow, but nothing like a $30,000 bill will be if you loop up in the hospital without insurance. Take the COBRA while investigating your own individual Health Insurance. If you can find something smaller amount expensive: Awesome. THEN you can ditch COBRA. Until then, stick with the federally supported plan.
Be aware that unless you have dental coverage before you parted ways from your ultimate job, you won't have any presently either. Enrolling in COBRA will cover you retroactively to the date your coverage be terminated, exactly as it was. Depending on what state you are in, it may not be LEGAL for the dentist's bureau to charge you interest once the claim has been submitted, so if they try it, check beside a licensed representative before you just repay it. On the other hand, it may just be simpler to settle the dentist and then submit to your insurance for reimbursement, but that is up to you.