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My husband got laid off a few months ago and we're getting insurance thru COBRA while we look for new jobs. Our COBRA premiums per month are a whopping $900 !
-Is this normal?
-We get our health insurance thru BCBS. Would it be cheaper to pay for our own health insurance?
-If so, what is the best way to go about doing that?
-Can we get health insurance elsewhere right now while neither of us has a job?
-Is it advisable to cancel COBRA, pay for one's own insurance and then get on a whole new plan with an employer once we get jobs? Is there any loophole there that insurance companies will use to screw us over?
-Finally, what about insurance companies like Aetna, Cigna, etc.? Why do most people in NC prefer BCBS?
I would appreciate any and all thoughts you have on this subject.
I think many people (at lease ones I know) use BCBS when they are self employed, etc You can take out your own policy, it is your choice. I think BCBS has more options that most carriers, and I know my friends who use it each got policies separately because it was less than a policy with the "card holder and spouse". Definitely check into them, as I think they are most flexible with their plans.
Do not cancel cobra, until you have other health insurance first and you are sure that all pre-existing conditions are covered (and bc/bs will interpret pre-existing very broadly.) What has happened is you are now making the payments the company was previously making for you. The amount of the payments depends on the average health status and age of all the people in the company. Talk to bc/bs and find out what it would cost to change to an individual policy -- if you are very young and very healthy this might be a savings but DO NOT cancel the old policy until a new one is in place. I know it is very hard dealing with unemployment and those payments, but what if something serious happened to you or your husband or one of your children. Good luck changing jobs, and please stay insured.
I suspect you will not be able to find any comparable insurance to what you have now for less than $900/month for a family. Many would be happy to find self-insurance for that price.
Our COBRA was $1300 with dental for family. It should be what your employer was paying plus a 2% administration fee. If you had good coverage with low deductibles, you will probably be able to find a less expensive personal policy with higher deductibles (especially if you're in good health). Just don't let two months lapse.
Our COBRA premiums per month are a whopping $900 !
-Is this normal?
YES. Someone has to pay the premium. In the past, it was your employer.
-We get our health insurance thru BCBS. Would it be cheaper to pay for our own health insurance?
MAYBE. IT WILL DEPEND ON YOUR DEDUCTIBLE AND OTHER OPTIONS
-If so, what is the best way to go about doing that?
CALL BCBS AND PRICE OUT THEIR VARIOUS PLANS.
-Can we get health insurance elsewhere right now while neither of us has a job?
YES.
-Is it advisable to cancel COBRA, pay for one's own insurance and then get on a whole new plan with an employer once we get jobs? Is there any loophole there that insurance companies will use to screw us over?
Whatever you do, don't have a lapse, or you'll have major problems down the line.
-Finally, what about insurance companies like Aetna, Cigna, etc.? Why do most people in NC prefer BCBS?
I use BCBS since I'm now self-employed. I'm happy with them.
My husband became unemployed while I was pregnant. Our COBRA was $800 a month. Yes, it was cheaper to buy our own insurance, but there was no company out there who would take a pregnant woman! To those out there who said in the other thread "if you can't afford health care, don't get pregnant", well, I take offense to that. Anyone can find themselves at the bottom of the barrel at any given time. We never thought that would happen us.
My deductible was pretty high since i really just wanted insurance for a real emergency, but my monthly bill was only $40. I think the policy came in 6 month increments.
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