Ravi
Diamond Member
Excellent post and dead on the money.COBRA sucks because of the cartels and the CEO's...NOT because it exists...it exists FOR THE SAME REASON!!!!!!!!!!!!!!!!!!!!!!!!!!!
At least you finally admit that it sucks, which is what started this entire conversation.
It sucks only because it does not help those who need it the most. People who change jobs and have to wait 90 days before the new employer's plan kicks in can get away with not accepting it for 60 days. If before that point they find that they have unexpected medical expenses that will cost more than the premiums, they can elect to extend coverage, if not, they only need to sweat the next 30 days.
And for the record, I never said it sucks "because it exists", I have always stated that it sucks because it does not help those who need it the most.
Immie
COBRA is NOT designed to GIVE you free health coverage...IT DOES make PAYING FOR health insurance under a group rate POSSIBLE...
Maybe if we play a TV Game Show it will register...OK?
So Immie...You have a job that offers health insurance...your employer pays $600 and you pay $400 per month...Your wife has breast cancer and is going for chemotherapy...
BTW..........YOU"RE FIRED!!!
Let's play...
Choose door # 1, 2 or 3...
Door # 1- Your health insurance is canceled...tough shit...BTW, you now owe County Hospital $10,000 per month for Chemo...
Door # 2- Your health insurance is canceled...tough shit...BUT, you can go out and purchase health insurance on your own...$2500 per month... BTW, you STILL now owe County Hospital $10,000 per month for Chemo...because your wife's breast cancer is a preexisting condition...
Door # 3- COBRA...You can CONTINUE your health insurance at $1,000 per month and continue coverage for your wife's illness...
And because of President Obama, Democrats and the American Recovery and Reinvestment Act of 2009, abbreviated ARRA... THE STIMULUS PACKAGE...your premium for the next 9 months is $350...
TAKE YOUR TIME...