Re:Amazon, Berkshire, JPMorgan to Create Healthcare Company
by malyk on Tuesday January 30, 2018 @01:24PM
(#16267579)
She can wait until an incident happens and then activate cobra. You don't have to pay for it upfront.
Re:Amazon, Berkshire, JPMorgan to Create Healthcare Company
by basementcat on Tuesday January 30, 2018 @04:58PM
(#16269475)
This is not true of all COBRA plans. To be safe, she can delay premium payments a maximum of 45 days and still have coverage for claims that occur before the initial premium payment.
https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/...
Re:Amazon, Berkshire, JPMorgan to Create Healthcare Company
by dev360 on Tuesday January 30, 2018 @03:40PM
(#16268812)
This was really good to know, had no idea.
Re:Amazon, Berkshire, JPMorgan to Create Healthcare Company
by IronKettle on Tuesday January 30, 2018 @01:25PM
(#16267596)
I think you can retroactively pay for COBRA, yeah?
You can enroll after an event and it'll be as though you had insurance the whole time. You'll have to pay for the retroactive coverage, but it's a pretty smooth way (assuming nothing happens) to avoid paying for COBRA while still technically "having coverage".
Though I think there's a time-limit on it.
The whole thing is broken. A friend of mine is switching jobs and is going to forking over a third of her paycheck for COBRA until the new job enrolls her in their plan. Almost certainly, nothing will happen in that short time period, and she'll have wasted thousands of dollars. But if something did happen, and she didn't pay the extortion, sorry COBRA, she'd be up shit creek without a paddle and ruined.