Health Insurance after layoff

[Codemonkey]

One of my friend (single guy) got laid off from Snap last year. His severance got over on Dec 31, 2022 and so is medical coverage provided by Snap.

Currently he doesn't have any medical coverage. Today there was a health issue and he couldn't go to urgent or emergency care due to his mental condition.

Wondering if one has to pay for health insurance premium with decent coverage, how much does it cost per month?

[hch]

COBRA

[Spartan]

BCBS

[Codemonkey]

13 minutes ago, hch said:

COBRA

He said he has COBRA, does it work like regular insurance coverage? Does he need to pay anything extra from his pocket  every month to make it work like regular coverage?

[Codemonkey]

5 minutes ago, Spartan said:

BCBS

Any idea how much would be premium per month?

[appaji_pesarattu]

15 minutes ago, Codemonkey said:

He said he has COBRA, does it work like regular insurance coverage? Does he need to pay anything extra from his pocket  every month to make it work like regular coverage?

COBRA is nothing but discounted insurance plan which companies offer for some employees where you still have to pay certain amount but work like your regular insurance coverage

[Pandubabu]

36 minutes ago, Codemonkey said:

One of friend (single guy) got laid off from Snap last year. His severance got over on Dec 31, 2022 and so is medical coverage provided by Snap.

Currently he doesn't have any medical coverage. Today there was a health issue and he couldn't go to urgent or emergency care due to his mental condition.

Wondering if one has to pay for health insurance premium with decent coverage, how much does it cost per month?

Cobra 

[Pandubabu]

19 minutes ago, Codemonkey said:

He said he has COBRA, does it work like regular insurance coverage? Does he need to pay anything extra from his pocket  every month to make it work like regular coverage?

Exactly same coverage with more premium..

[akkum_bakkum]

33 minutes ago, Codemonkey said:

He said he has COBRA, does it work like regular insurance coverage? Does he need to pay anything extra from his pocket  every month to make it work like regular coverage?

COBRA by definition means continuation of coverage. Employer contribution part of insurance has be borne by the employee in addition to theirs. He has to signup within 30 days of termination date. Otherwise, it wont be available. Usually health insurance is covered through the end of the month. Say for e.g. if someone is terminated on the 10th of the month, their normal insurance without any additional payments is covered until the end of that month.

[Thokkalee]

Didn’t he apply for cobra? December lo job ajpothe ippudu cobra apply cheskovachhaa?? Check with your previous employer? 
 

But you have to apply for it.. you cannot backdate the coverage bcoz of some incident 

[csrcsr]

7 minutes ago, akkum_bakkum said:

COBRA by definition means continuation of coverage. Employer contribution part of insurance has be borne by the employee in addition to theirs. He has to signup within 30 days of termination date. Otherwise, it wont be available. Usually health insurance is covered through the end of the month. Say for e.g. if someone is terminated on the 10th of the month, their normal insurance without any additional payments is covered until the end of that month.

So for how long Cobra can be continued anna ?? For that year?

[hch]

1 hour ago, Codemonkey said:

He said he has COBRA, does it work like regular insurance coverage? Does he need to pay anything extra from his pocket  every month to make it work like regular coverage?

At the end of employment your  HR usually shares all the details regarding COBRA..I think it's 60 days to decide.

Most cases you need to pay the employers part but that depends on the severance package

if you have preconditions definitely go with cobra 

alternatively you can buy temporary insurance from market place  with qualifying event but its headache to select the right plan and there will be so many hidden exemptions

Also if you dont have insurance doctors usually have discounted plans

[chingchang]

1 hour ago, appaji_pesarattu said:

COBRA is nothing but discounted insurance plan which companies offer for some employees where you still have to pay certain amount but work like your regular insurance coverage

its not discounted though. Basically you will have same benefits as your employer provided insurance for an year. But it is sh*t expensive .. better take one of those obamacare or marketplace plans temporarily 

[Moon_Walker]

17 minutes ago, chingchang said:

its not discounted though. Basically you will have same benefits as your employer provided insurance for an year. But it is sh*t expensive .. better take one of those obamacare or marketplace plans temporarily 

COBRA is 5 times expensive premium than regular insurance

[JambaJuice]

4 minutes ago, Moon_Walker said:

COBRA is 5 times expensive premium than regular insurance

Post proof