Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Sunday, November 16, 2008

Health care insurance

COBRA Insurance
COBRA Insurance (enforced through an act called COBRA) offers temporary insurance (usually 18-36 months max., you can discontinue any time) for people
  1. Who had jobs and had employer-assisted insurance. Through employer's group (other employees where lost jobs) and COBRA provider, they can get insurance.
  2. Who has a job, but employer doesn't pay insurance.
  3. Family members (spouse, children, ...) can be covered.
Coverage:
  1. You can take full coverage you were having before you lost job. For this, you have to 102% of all payments (your premium + premiums paid by your ex-employer + 2% administrative charge).
  2. Or, you can take a lower coverage, resulting lower premium. (I've seen offers like $225/month for a family of four members)

Medicaid & Medicare
Medicare is for mostly for elderly persons. It's a health insurance program by federal government. Pays most of the claims, some copay may be required.

Medicaid is assist program. Can help to pay almost full health care costs. Eligible: pregnant woman or US children or disabled or blind, has low income. You could try even if you don't belong on of the mentioned group.