Health Insurance Questions
Health Insurance - What if I move to another job?
If your new employer is not going to provide health insurance as part of your benefit's you will be looking at significantly higher premiums for individual health coverage. Your best bet? Be sure to 'carry forward' your health insurance from your previous job for the full allotted time.
You are allowed to carry forward health insurance for up to 18 months. While you will be responsible for the full premium health insurance group rates are significantly less than individual rates. It's well worth it.
Once the 18 months are up you will have to have individual health insurance coverage in place. But, at least you'll have had a price break for 18 months. Just remember that you have some forms to fill in! You can get them from your previous employer's benefit's department. You need to fill them out within 60 days of leaving. If you don't you can be denied health insurance coverage - and your more expensive individual coverage will have to start right away.
Health Insurance - What if I become unemployed?
If you are going to maintain your health insurance benefit's under COBRA, you must fill out the appropriate paper work within 60 days of leaving your job. Otherwise, you may be denied coverage and you'll be looking at the higher individual health insurance premiums sooner.
You are entitled to carry your group health insurance coverage with you to a new job for up to 18 months. This has been legislated under the Congressional Budget Reconciliation Act or COBRA. Definitely, carrying your benefit's forward is in your best interest.
While it can be difficult to find the money for health premiums you will now have to pay the full premium for your health insurance. You've lost the employer contribution when you lost your job. However, the premiums on group health insurance are much lower than individual health insurance - so you will benefit by maintaining your group coverage.
Whatever you do, look into the health insurance companies themselves. We have provided a brief shopping list above to get you started. Don't forget to look at the other pages like: Health Insurance, how do I choose a health policy, group health insurance and individual health insurance, health insurance questions, long term care and save money health insurance to make an informed decision.