COBRA health insurance was right for my family but cost a fortune - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'When the COBRA letter came, it floored us. Our premiums would be $2,753. Almost double the maximum we were budgeting for'

I'm a freelance writer and my wife's a nurse, which means we rely completely on her employer-provided health insurance.

When my wife changed jobs, however, it was another story. Those benefits translated to extremely expensiveWhile a lot of younger folks would look at that price tag and run away toHow we ended up with COBRA coverage Health insurance was an after-thought. We figured we'd stay on her old company's insurance until her New York job's insurance kicked in, and all would be well.

Within 45 days of your last day at work, you'll get a letter in the mail from your previous company. It will outline what you're supposed to do ā€” including who administers the company's COBRA plan, where you should send your paperwork, and, most importantly,While COBRA lets you stay on your employer's plan, your employer doesn't have to help pay for it anymore. You're on the hook for the entire monthly premium.

That letter spurred a stint of frantic phone calls and calendar calculus. We wanted to pay as few of those monthly payments as possible. Since my wife's probationary period was 60 days, we were hoping we could get away with just two months of coverage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK health tech startups help the NHS manage coronavirus workers - Business Insider'Tech is breaking down the silos that exist in the medical profession and we are encouraging transparency and accountability.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

SUCCESS INSIDER: Finding a job during a recession, management books - Business InsiderSUCCESS INSIDER: Recruiters who survived the Great Recession share their most urgent advice for finding a job during an economic downturn
Source: BusinessInsider - 🏆 729. / 51 Read more »

Industry insiders reveal how the coronavirus will change advertising - Business InsiderAd insiders from Burger King, Freshly, McCann, and Vita Coco say the coronavirus will radically change advertising, from elevating brand marketing to shrinking the holding companies 👍🏻 Clockbait
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airbnb CEO Brian Chesky says his company's business will recover - Business InsiderAirbnb's CEO compared the coronavirus crisis to Hurricane Maria, saying its business will bounce back, just as it did after the storm that ravaged Puerto Rico He compared it to just ONE hurricane? Better check that math again man. Iā€™d like to remind you that Airbnb are thiefing liars Can he predict the future?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jeff Bezos' Blue Origin rocket company deemed an 'essential' business - Business InsiderJeff Bezos' Blue Origin rocket company has been deemed an essential business by the government, allowing it to continue operating amid the coronavirus outbreak jackshafer The missing six weeks: how Trump failed the biggest test of his life: jackshafer What a f ing shock Huh? Why?
Source: BusinessInsider - 🏆 729. / 51 Read more »