Thanks for the video, it was helpful.

All parts are well explained including the negative aspects such as the cost.

@iHealthBrokers

3 жыл бұрын

Thank you!

This was the exact thing i needed to know. Much relief! Thank you.

@iHealthBrokers

2 жыл бұрын

You are so welcome!

@levigutierrez7809

2 жыл бұрын

Like wise, such a bessing..

@GodSauceMG33

10 ай бұрын

There are also some plans on the private side that offer broader coverage than a regular short term plan that are also way more reasonably priced than COBRA. Let me know if you'd like me to run some numbers for you!

So when someone is unemployed sign them up to cobra, a more expensive insurance to the non existent money you have. Universal healthcare is looking pretty good right now.

@iHealthBrokers

3 жыл бұрын

COBRA can be extremely cost prohibitive. There are definitely better (less expensive) options out there. However, some people would rather pay more for a short period of time to keep their same coverage. It's really meant as a stop gap.

@51Saffron

2 жыл бұрын

@@iHealthBrokers I come from a country where we don't ever have to worry about health insurance, living in the US has been a real eye opener. This country needs to get up to speed with other countries.

@daMillenialTrucker

2 жыл бұрын

I don't really care about health insurance, I mean I got it, but I remember when I moved out of WV to GA and I was union coal miner and my insurance benefits was $800/month through cobra for me. I get why it's there though, I'm just here to say that healthcare costs are fucking ridiculous in our country, a rich ass one, compared to other similar countries and it's like that because the insurance companies also run the government 🤣🤣

@jwall62

2 жыл бұрын

@@51Saffron if we stopped sending so much money to all those other countries we could have free health insurance. Most likely wherever you are from benefits the amount of money the USA gives you.

@jwall62

2 жыл бұрын

@@daMillenialTrucker one of the reasons is because we give so much of our damn money to those other countries, keep it here and our health insurance could be free and still the best in the world.

Helpful video. Thanks!

@iHealthBrokers

2 жыл бұрын

You're welcome!

Your videos are VERY helpful

@iHealthBrokers

Жыл бұрын

Thank you Sherri!

Thanks a lot. The video covered everything I needed to know but it lost me at the price

@iHealthBrokers

2 жыл бұрын

Hi Carlos, glad to be of help! Just to clarify the price: there is no set price for COBRA because it depends how much your plan actually costs. You can expect to pay at least double what you're paying while employed. Right now many people are able to qualify for ACA (marketplace plans) with VERY low monthly premiums. If you need help, you can reach us at 888-410-0344. Thanks for your feedback!

Thank you for this video it was very short into the point I would like to know what states you are available and I am in Arizona I may up for short term insurance as opposed to staying with my cobra I’ll be changing jobs shortly in about a month

@iHealthBrokers

2 жыл бұрын

Hi Mac. Thanks for the feedback! We are licensed nationwide so if you do decide to go for a short term plan, we are happy to help. You can reach us at 888-410-0344. Congrats on the new job!

Thanks for the video! Are there any short term health insurance plans that are also national? I am left my job last month and will be moving cross the country for my next job, so I am not sure what the best option for health insurance would be at this moment. COBRA is really expensive :(

@iHealthBrokers

Жыл бұрын

Yes! You can actually get nationwide PPO coverage with a short term health plan. COBRA is very expensive and although it might be an ok short term solution, you would probably be better served with an ACA plan or a short term medical plan. If you left your job, you should qualify for a special enrollment period with ACA plans. Moving will also trigger a special enrollment period if you'd rather a marketplace plan than STM. Feel free to call with any questions: 888-410-0344. Safe travels!

@GodSauceMG33

10 ай бұрын

There are also some plans on the private side that offer broader coverage than a regular short term plan that are also reasonably priced. Let me know if you'd like me to run some numbers for you!

Thanks for the amazing video. I had a question regarding COBRA. I got terminated in Dec 2020 and I still keep getting mail from WageWorks regarding my continuation of benefits and it also lists the amount due that needs to be paid by me. I have not enrolled in COBRA. Should I worry about these reminder letters?

@iHealthBrokers

2 жыл бұрын

Hi Manish. You are outside of your enrollment window for COBRA, so no need to worry! Thanks for your question!

Hello, my contract ends in July. I was told the July's paycheck would cover my insurance for the whole month of August and is said to expire on September 1st. When should I expect a letter (or some sort of notification about enrolling in COBRA) from my employer? Is this something that I have to actively seek myself instead of waiting for a letter from the employer? I called HR and they said I have to wait until my contract ends, but I was left confused. Also, how long does it take for Cobra's coverage to be in effect? I'm worried that on September 1st, I will have a gap in my insurance for whatever reason. Please help!

@iHealthBrokers

3 жыл бұрын

If your position is terminated in July, your insurance should carry through the end of July. HR has 14 days to contact you from the date of termination (although feel free to be proactive!). If you elect to enroll, coverage begins the first of the next month. COBRA is retroactive though, so do not worry about a gap in coverage! As long as you enroll within 60 days, you should not have a gap in your insurance.

Hi , I have reached my max out of pocket for the year. I do not for see any big medical expense now . I am in a situation of switching job.My current employers insurance would end on last working day, while future employer offers insurance only if I joined at the 1st calendar day of month other wise it would be next month. You mentioned that I would have 60 days to take Cobra, so if I am able manage 1 month without insurance , I won’t need to take cobra. But on the hindsight if I need it, would it not be issue, as I would be enrolling for insurance after the medical incident

@iHealthBrokers

2 жыл бұрын

You have 60 days to sign up for COBRA but the payments AND coverage are retroactive. That basically gives you a two month grace period. However, double check the date your insurance with your new job will become active. Very often there's some type of probationary period before new employees become eligible. Congratulations on your new job!

Just have a small question, I've heard it both ways. Are Level funded plans subject to COBRA. Because this plans are not regulated as the fully insured plans. If they are subject to offer COBRA, does size of the group matter? Very informative video.

@iHealthBrokers

2 жыл бұрын

Thanks for your feedback! If your employer has at least 20 full time employees, they are subject to COBRA. If they choose not to abide, they will be fined. Best of luck!

@GodSauceMG33

10 ай бұрын

There are also some plans on the private side that offer broader coverage than a regular short term plan that are also reasonably priced. Let me know if you'd like me to run some numbers for you!

Is it worth signing up for cobra if we will have insurance in About a month if probation period is passed. I have a few days before the 60day period is up.

@iHealthBrokers

2 жыл бұрын

You have 60 days to enroll in COBRA and the coverage is retroactive. If your new insurance starts in a month, you would technically still be inside the COBRA enrollment period.

What if I was laid off in the middle of thx month but I had a doctor visit before the month end but after I was let go? I heard cobra starts normally in the beginning of the month after you are terminated.

@iHealthBrokers

3 жыл бұрын

Usually your insurance will carry you through to the end of the month. If you choose to enroll in COBRA, your coverage will be retroactive and there will be no gaps.

I had surgery 2 weeks ago and was insured but I quit my job on the 3rd of this month. I should (not 100% sure) have insurance till the end of this month right? And if not should I get Cobra?

@iHealthBrokers

2 жыл бұрын

So to confirm, your surgery was in November and you left your on Dec 3? If so, there shouldn't be a problem. And yes. Your insurance should last through the end of December. Your company will have to provide you with a COBRA notice and you have 60 days to apply if you so choose. BUT, you may want to look into marketplace plans. Enrollment has been extended to January 15 and under the ARPA, many are able to qualify for premium tax credits. Speedy recovery!

@raidfridge

2 жыл бұрын

@@iHealthBrokers Thanks for the advice!

If I canceled my Cobra can I go back and reinstate it by paying the premiums I missed if I am still within the eligibility period?

@iHealthBrokers

3 жыл бұрын

Things are currently working a little bit differently under the American Rescue Plan. You can check out our video here: kzread.info/dash/bejne/da6rwbiTosWsZc4.html Your best bet is to contact your company's HR department. Even so, there may be a little bit of back and forth as it seems companies are still struggling with the COBRA subsidy.

If I’m switching jobs and will be losing my employer health insurance do I contact cobra or contact my current health insurance provider to sign up for cobra? Thanks!

@iHealthBrokers

2 жыл бұрын

Hi Cody. It's actually up to your employer (usually the HR department) to provide you with your COBRA notice. They are required by law to do so. BUT, feel free to stay on top of it because you only have 60 days to sign up for COBRA.

If i buy a short term or market place health insurance, will that disqualify me to get COBRA retroactively later ?

@iHealthBrokers

3 жыл бұрын

Not necessarily, but the question is: why? Under ordinary circumstances, you only have a period of 60 days to sign up for COBRA. By the time you've enrolled and disenrolled in a marketplace plan, it hardly seems worth it. Also, you'd be charged retroactively for COBRA so you'd end up paying for two health insurance premiums during the overlap.

I’m 53 and plan on retiring at 62. I will probably start taking SS at 65ish. What age can o get Medicaid? I will need supplemental insurance with it as well, won’t I?

@iHealthBrokers

3 жыл бұрын

Did you by any chance mean Medicare (not Medicaid)? You should be eligible for Medicare when you turn 65. And yes, many do choose to supplement their Medicare with a Medigap Plan (and possibly Part D as well). We've got plenty of videos about Medicare, but you can also contact us at 888-410-0344 if you have any questions. Medicaid eligibility is not determined by your age, but rather your income. So, if your income falls below a certain level, it doesn't matter what your age is. Medicaid eligibility is determined by the Federal Government AND your State. So, you'll need to contact your Medicaid Office for more info.

What if you hit your deductible and out of pocket for the year already and just quit your job? What’s the best way to proceed and is cobra worth it then

@iHealthBrokers

2 жыл бұрын

That's a really interesting question...You'd have to run the numbers. Do you foresee a lot of needed medical care? If so, you may want to stick with COBRA. True, your premium would be high, but if you've met your OOP Max and your needed services are covered and being provided by an in network physician, it may work in your favor. On the other hand, if you don't foresee a lot of needed medical care, you may be better served choosing a new plan with lower premiums.

Hi Sarah, I have COBRA since December 2021 in the state of California. My previous employer's health plan was HMO. I recently moved to a different state, and I just received a letter for COBRA Open Enrollment/Plan Year Changes. The letter was sent to my former address in California but was forwarded to my new address. I do not have any information on the plans they are asking me to choose, and I do not know if I would still be covered if I live in a different state. Where do I go from here? Thank you in advance.

@iHealthBrokers

2 жыл бұрын

That's tricky! You would best be served contacting the insurance carrier directly. It is entirely possible that coverage may be limited in your new area.

@dianaf6476

Жыл бұрын

@@iHealthBrokers Thank you for your reply, it was resolved. However, I am now nearing the end of my COBRA coverage on May 31st, 2023 and I want to extend my coverage but not sure I understand the Second Qualifying Event. I want to extend my COBRA coverage for another 18 months because my baby will be due March 26th, 2023 and I plan to put her as a dependent. I read a sentence in the Second Qualifying Event "...or a loss of dependent child status under the plan." Would I qualify in this circumstance or perhaps you can explain what it means? Please and thank you!

@iHealthBrokers

Жыл бұрын

@@dianaf6476 Congratulations! Usually COBRA is only for a period of up to 18 months. Could it be that the "second qualifying event" refers to a qualifying event within that initial 18 month period that would qualify for your special enrollment period? I don't believe having a baby would enable you to extend your COBRA coverage. It would, however, qualify you for a SEP for marketplace plans and you would be able to sign her up as a dependent through healthcare.gov at that point.

I was recently terminated and am in need of health insurance. How could I get coverage from the Marketplace if Im not currently employed?

@iHealthBrokers

3 жыл бұрын

Employment isn't a requirement for marketplace coverage, however, if you're projecting zero income next year, Medicaid might be a better option for you. If you have savings and don't want to consider Medicaid, short term coverage might be an option as well. We're happy to help, feel free to give us a call!

@alexcoop522

3 жыл бұрын

Basically ur Sol the only way u survive in this country is if ur wealthy sorry for being poor like the rest of us

I am a nurse in NY under NYSNA. I'm quitting my job. How much will Cobra will cost for me, my spouse and my baby ? Thank you!

@iHealthBrokers

2 жыл бұрын

Hi Sarah. There is no standard COBRA cost. It depends upon your current plan. You can expect the cost to at least double what you're currently paying. We suggest looking into a marketplace plan if that's an option for you! Feel free o give us a call if you'd like and we can go through your options: 888-918-0518. Thanks for your question!

Are cobra premiums tax deductible? since in our case it will be twice the amount of our monthly mortgage.

@iHealthBrokers

2 жыл бұрын

If you itemize your deductions, they ***should be. You'll need co speak with an accountant though. Since your payments are so expensive you really may want to look into other options. Marketplace plans' monthly premiums are at an all time low under the American Rescue Plan Act. You should be able to save a significant amount of money. Open enrollment has been extended to Jan.15 so there's still time. You can check out the plans on healthcare.gov. You can learn more in this video: kzread.info/dash/bejne/pYaAz6azk7yokrg.html Also, feel free to give us a call if you'd like: 888-410-0344. We can help you browse your options.

Greetings , I heard in other videos that federal employees ( I work for VA ) would NOT be qualified for COBRA , if I get separated from my job by volition ? is that true ? are federal employees eligible for COBRA ?

@iHealthBrokers

Жыл бұрын

This is not something I am incredibly familiar with, but I will do my best to help! It is my understanding that federal employees do not qualify for COBRA, but that they can elect to participate in Temporary Continuation of Coverage which seems to be very similar. I wish I had more information to offer!

I lost my Job. We are planning to continue current insurance.. planning to enroll for cobra.... but it is too expensive for us...can we change our current cobra benefits plan?

@iHealthBrokers

3 жыл бұрын

You can take Cobra or enroll in an individual plan on your own. We would be happy to help you compare the costs of both.

Can COBRA be used with HSA plan? And do you still get tax benefits on premiums plus amount you contribute to HSA?

@iHealthBrokers

Жыл бұрын

COBRA allows you to keep your employer sponsor group health insurance for a period of time if you are not working. Does your current/former health plan offer a health savings account (HSA). HSAs are only offered with HDHPs (high deductible health plans). If that's the type of insurance offered by your employer, then you would able to continue that coverage with COBRA.

I’m confused, what’s the point if you’re paying above the market price of insurance? Why not just get insurance in the market?

@iHealthBrokers

2 жыл бұрын

You are exactly right! COBRA is really meant as a short term stop gap. With marketplace insurance plans readily available, it's certainly not your best option. However, let's say you are seeing a specialist who takes limited insurance plans, you might want to continue with COBRA until a find a different option. In general though, it is cost prohibitive and there are better options.

I loss my insurance due to not working enough hours and I may need your help to choose the right insurance for me.

@iHealthBrokers

5 ай бұрын

You still have about one week left for marketplace enrollment! Give us a call at 888-410-0344. Best of luck!

I became eligible for Medicare on 1/1/2021, so I decided to retire on 12/31/2020. I thought my spouse would get 36 months of COBRA, but it turns out it's only 18 months. It seemed my spouse should be qualified for 36 mos after reading the COBRA rules. it's so confusing. Would you clarify which length of time of COBRA my spouse is qualified for?

@iHealthBrokers

3 жыл бұрын

Hi Tom. Something does seem odd here. Have you contacted your company's HR department? Your spouse should be eligible for 36 months. You can also try this phone number 1-866-444-3272. Please let us know if there's anything else we can do to help.

@tscharf34685

3 жыл бұрын

@@iHealthBrokers I called the number and got the answer. I want to post it here so other people will not make my mistake in the future. We missed the 36 mos by 1 day basically. I should have retired in January instead of December. Thank you for providing the number, which is the Dept of Labor and has real people to answer questions.

@iHealthBrokers

3 жыл бұрын

@@tscharf34685 I am glad we could help, although I am so sorry that you missed the cutoff by one day! Thank you for sharing. Enjoy your retirement and please let us know if you have any other health insurance/Medicare questions.

I have resigned from employer A, they did offer me COBRA premiums which is less than employer B health insurance premiums. Can I stay with COBRA for 18months with out choosing insurance plan from employer B ?

@iHealthBrokers

2 жыл бұрын

COBRA is less expensive than your new group health insurance? Wow! This is tricky, so please confirm with your company's HR department. However, it seems that you ***can keep your COBRA coverage, but if it's not open enrollment for your new employer when your coverage ends, you may be without insurance. We suggest that you double check to make sure that the premium for COBRA really is less. It's very unusual! Best of luck!

What happens if I do not pay the premiums? Will my Cobra coverage be terminated automatically? It's for my wife. She had Cobra for a moth, but ended up not using it. Now she is covered under her new employer. Will she need to pay the premiums, even though she never used Cobra? What happens if she does not pay them? Thanks in advance!

@iHealthBrokers

Жыл бұрын

Hmmmm... good question. So, if you don't pay, yes, your coverage will be terminated. However, COBRA coverage and payment is retroactive for a period of 60 days. Honestly, you would best be served contacting the plan and carrier directly. If not, you'll likely be dealing with many unwanted phone calls and letters.

@oussamamediouni7736

Жыл бұрын

@@iHealthBrokers thanks for the reply! I more or less got the same answer asking on other websites.

My wife retired from her job at 65 and received medicare. I am 62 and will apply for Cobra. Could I be eligible for Cobra for 36 months until I apply for medicare?

@iHealthBrokers

2 жыл бұрын

Was your insurance through your wife's employment or yours?

I was denied my hernia workers comp and was planning to get the surgery through my insurance until Covid and now I've lost coverage, I don't know how to proceed

@iHealthBrokers

3 жыл бұрын

When did your coverage end on your most recent policy?

@scottdavidson7543

3 жыл бұрын

@@iHealthBrokers bout 4 months ago due to the pandemic.

@iHealthBrokers

3 жыл бұрын

@@scottdavidson7543 Your best bet until open enrollment starts on 11/01 is likely short term medical insurance. It wouldn't cover your hernia surgery because that's pre-existing, however, you could transition to an ACA plan that would during open enrollment. Please feel free to give us a call at 888-410-0344. We're happy to help.

So where do I sign up for COBRA? Is there a website?

@iHealthBrokers

2 жыл бұрын

Hi Timothy. Your previous employer has to provide with you a COBRA election notification. If they haven't done so yet, contact their HR department. Best of luck!

How can you provide help for free ? How do you get paid ? Very confusing

@iHealthBrokers

3 жыл бұрын

Vanessa, we're paid by the insurance companies when we help you purchase a plan. Because you pay the same, regardless of where you purchase your policy, our services are truly 100% free of charge.

Can I get just dental and vision through cobra ?

@iHealthBrokers

Жыл бұрын

COBRA is basically just a way to extend and pay for the insurance offered by your employer. So, if your employer offered dental and vision, you should be able to continue it and pay for it under COBRA. Thanks for your question!

I’m confused on who will be paying the Cobra insurance

@iHealthBrokers

3 жыл бұрын

If you enroll in COBRA you pay your portion PLUS your employer's portion.

Which insurance plan is best?

@iHealthBrokers

3 жыл бұрын

There are lots of different options... What exactly do you mean? Maybe we could point you in the right direction.

Can I use Cobra for dental insurance only ?

@iHealthBrokers

2 жыл бұрын

Hi Cassie, yes you can. However, private dental insurance is actually MUCH less expensive than people think. You may be able to get a better plan than what your employer had offered for about the same price. You can learn more about our clients' favorite dental plan here: kzread.info/dash/bejne/loKArc9qXa-1cbg.html Also, feel free to call us at 888-410-0344 with any questions. There's no charge for our services and we're happy to help point you in the right direction. Thanks for your question!

Is early? retirement a qualifying event

@iHealthBrokers

Жыл бұрын

Yes! Leaving your job and losing your insurance for early retirement would qualify you for COBRA.

Show the incentives amd I'll show you the outcome.

@iHealthBrokers

29 күн бұрын

Can you elaborate?

What If I did not enroll can I wait to enroll for COBRA

@iHealthBrokers

2 жыл бұрын

You have 60 days to enroll. If you're past that window, you won't be able to enroll unfortunately.

I received a COBRA notice. I was terminated from my job. They want me to get a health insurance. My question is who is going to be responsible to pay the fee every month? Thanks

@iHealthBrokers

2 жыл бұрын

Hi Faith. With COBRA, you are responsible for the entirety of the monthly payments. There are still a few weeks left of open enrollment for Marketplace Insurance. Many people are able to get very inexpensive plans this year under the American Rescue Plan Act. You may want to take a look. They will certainly be more affordable than COBRA. Best of luck!

Is it really free to get help from you guys.. why is that? 🤔

@iHealthBrokers

Жыл бұрын

We get asked that a LOT! Basically, whether you work with the company directly (calling the carrier), use healthcare.gov, or work with a broker (like us) there is already a commission included in your monthly premium. The monthly premium is exactly the same whether you use healthcare.gov, call the carrier, or work with a broker. Now some brokers DO charge an additional fee, but we don't. We work solely off the commission paid by the policy, not the beneficiary. Many people don't know that they can use a broker at no charge!

Hello cobra ? I'd like to pay $1300 for one month health insurance

@iHealthBrokers

3 жыл бұрын

Yes, unfortunately COBRA can be far too expensive for many. However, under the ARPA, currently many are eligible for 100% subsidized COBRA. You can check out our video to learn more: kzread.info/dash/bejne/da6rwbiTosWsZc4.html

Can COBRA cover just my spouse? I was the primary holder and had her as a dependent when I was with the company. I had 2 jobs and keeping an insurance but the job I quit had better fertility benefits so I wanted to keep my wife on it.

@iHealthBrokers

2 жыл бұрын

Hi Joe, that's actually the first time we've encountered this question. When someone transfers to Medicare, their spouse and dependents can keep their COBRA coverage. Obviously, this isn't exactly the same thing, but perhaps it is possible. Have you spoken with your company's HR department?

Here.. let me translate that to english for you... ''the protection plan offered sucks.. get something else'' Nice :/

@iHealthBrokers

2 жыл бұрын

Unfortunately COBRA is often VERY expensive. However, under certain circumstances it may be worth it. Perhaps you're finishing treatment with a specialist who only takes limited plans. Usually, it will be a better financial choice to pursue another option.

Rip off for sure

@iHealthBrokers

3 жыл бұрын

Unfortunately, many people think COBRA is their only choice and can be very expensive...