Medical Insurance after layoff

[Konebhar6]

A friend is worried about his layoff. During Covid he was laid off and he had COBRA insurance and he used to pay $1500+ for 2 people. Its high. What's a reasonable premium for insurance for Wife+Husband? 

[megadheera]

1500 for month or bi-weekly? 1500 for month is reasonable with good coverage 

[perugu_vada]

COBRA theskunte anthe kada uncle .. it will be expensive .. becos employer contribution undadu ..have to pay everything .. 

ipudu insurance bayata ela undo no idea .. contractors can answer .. 

@Sucker uncle entha kadutunnaado .. 

[sainikdesam5]

38 minutes ago, Konebhar6 said:

A friend is worried about his layoff. During Covid he was laid off and he had COBRA insurance and he used to pay $1500+ for 2 people. Its high. What's a reasonable premium for insurance for Wife+Husband? 

layoff ante LCE kinda vastadi so check for the same in that area. sometime not all plans will be available. LCE eligible ni batti 

[Sucker]

2 minutes ago, perugu_vada said:

COBRA theskunte anthe kada uncle .. it will be expensive .. becos employer contribution undadu ..have to pay everything .. 

ipudu insurance bayata ela undo no idea .. contractors can answer .. 

@Sucker uncle entha kadutunnaado .. 

1K anukunta vuncle. 

[sainikdesam5]

What Is a Qualifying Life Event for Insurance?

Table of Contents

• 4 Types of Qualifying Life Events
• How Long Do You Have for a Qualifying Event?
• What Qualifying Life Event Documentation Do You Need to Provide?
• Is Getting Pregnant a Qualifying Life Event?
• Is Getting a New Job a Qualifying Event?
• Is Changing Jobs a Qualifying Life Event?
• Is It a Qualifying Life Event If Your Spouse Gets a New Job?
• Is a Furlough a Qualifying Life Event?
• Is a Spouse Quitting a Job a Qualifying Life Event?

A qualifying event for insurance is a change in life situation that makes a person eligible to enroll in health insurance outside of the annual Open Enrollment Period.

Marriage, divorce, and parenthood are all common examples of major events that affect a person’s health insurance needs. Under these circumstances, an individual qualifies to immediately buy or make changes to a health plan.

Depending on your plan, a qualifying life event gives you 30 days (sometimes 60 days) to make plan changes or sign up for new coverage.

 

https://www.bamboohr.com/resources/hr-glossary/qualifying-life-event

[sainikdesam5]

4 Types of Qualifying Life Events

Loss of Health Insurance

The loss of health insurance coverage is a QLE. This may happen when you are:

• Turning 26 years old and losing coverage through a parent’s insurance plan
• Losing job-based coverage, COBRA, or a student plan
• Losing eligibility for Medicare, Medicaid, or the Children’s Health Insurance Program (CHIP)
• Losing health insurance for any reason other than not paying the premiums

[sainikdesam5]

9 minutes ago, sainikdesam5 said:

layoff ante LCE kinda vastadi so check for the same in that area. sometime not all plans will be available. LCE eligible ni batti 

I used LCE word which was used as LIFE change event. in the above post they used as QLE. both are same.

you can call providers in that area and enquire about the plans.

based on the eligibility plans will be available. 

[Konebhar6]

2 hours ago, megadheera said:

1500 for month or bi-weekly? 1500 for month is reasonable with good coverage 

He was on a bi-weekly paycheck ... Our company used to pay $1500/Paycheck..I am not sure. Will check with him.

 

1 hour ago, sainikdesam5 said:

layoff ante LCE kinda vastadi so check for the same in that area. sometime not all plans will be available. LCE eligible ni batti 

Last time, it was not a layoff. He resigned coz of pressure even though we told him not to.

He is worried he will be laid off now. SO i am wondering how much the costs will be to work with him on his expenses.

[Deadp0ol2]

marketplace

[Konebhar6]

1 hour ago, Deadp0ol2 said:

marketplace

I know, any idea on prices for 2 people? Decent coverage. 

[Deadp0ol2]

34 minutes ago, Konebhar6 said:

I know, any idea on prices for 2 people? Decent coverage. 

Daantlo spl enrollment lo register cheskunte it will give you plans available. Pick a plan with high premium(good coverage) per month don't select cheap not good.

[Jatka Bandi]

antha nee vallane @DallasBaluKarry. Pani chesukuntunte ala tempting videos vesi @Konebhar6 ni distract chesaavu.

[Konebhar6]

23 minutes ago, Jatka Bandi said:

antha nee vallane @DallasBaluKarry. Pani chesukuntunte ala tempting videos vesi @Konebhar6 ni distract chesaavu.

Haha. Naaku kadule. Touchwood.