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View Diary: Laid off workers will have alternative to expensive COBRA coverage (46 comments)

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  •  You can do that but if the ACA plan is cheaper (0+ / 0-)

    (counting subsidy, if any) then you do not need to wait 18 months to switch to it .. you can do so at the next open enrollment. Or if you retire once ACA is in effect, that is a "qualifying event" and you can enroll in the exchange right away.

    The whole group healthcare system used to have a narrow gate .. you got through it usually by having employer insurance. And if you lost group membership, COBRA was a temporary stopgap. Now ACA is opening up a wide gate that gives many people access to the benefits of group insurance (relatively low premiums and no pre-existing condition problems) even if not employed. All you have to do is sign up during the open enrollment.

    •  Thanks. That's what I thought. (0+ / 0-)

      Retired two years ago. COBRA is done. Took a private plan. Will go on the exchange, but it is not cheaper because I am not eligible for a subsidy of any kind.

      I am one of those who earns too much in retirement to qualify for a subsidy. Paying full ticket. My plan will be almost twice as expensive as it was before. But I get a prescription drug benefit and a lot of preventative care.

      If you hate government, don't run for office in that government.

      by Bensdad on Tue Sep 17, 2013 at 10:23:18 PM PDT

      [ Parent ]

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