What happens to health coverage after you get laid off? I'm really stressed about losing mine and can't afford to be without it.
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Key is to decline serp so u qualify for aca tax subsidies which for me brought healthcare plan on the aca marketplace for zero cost after my cobra ran out. U do have keep eye on ur target income while using the tax subsidies. Can allways use serp later at medicare age.
Coverage for a year of COBRA and the option to continue for a 2nd year at your expense. If you are retiring you get enough SERP to pay for the 2nd year usually
Welcome to Capitalism with intense lobbying of your leaders by the insurance industry. Can’t have single payer healthcare like every other civilized country in the world. That would be socialism!
Your covered for one year for free
Move your lazy a-s to a better place to get new better health insurance coverage OP. Why do you still at this sh-----g place and worry about layoff, stress out, loss insurance?
@OP Remember, Roadhouse rules apply.
When visiting the doctor or talking to the marketplace people, be nice.
@bc I'd suggest not taking a marketplace plan which has percentage copays, because in a serious incident you would be on hook for more cost than you may be able to pay.
Those plans are not even that much cheaper. Stick with copays which are listed in dollars, such as $50, instead of 50%.
This is how people go bankrupt, and you may have never seen these type of plans because Intel doesn't offer them.
Nobody cares about your health insurance after the layoffs. Sell your stocks to buy your own health insurance. They only care about chips insurance when they cannot produce them on time or broken.
@OP Learn about the income thresholds for getting on state Medicaid and fully subsidized marketplace.
The medicaid coverage depends on the state, but when you sign up for the marketplace, what you claim as your (coverage period) earnings determines the subsidy and whether they kick you over to the state medicaid program.
In Oregon the medicaid threshold is ~$18k and fully subsidized marketplace is ~$35k with slightly higher premiums up to ~$48k. Medicaid is free, and the marketplace blue cross with $9k deductible is in the $80 to $200 range per month.
If retiring, then you have to decline the Intel SERMA in December of each year, in order to get the marketplace subsidies.
Income includes any IRA withdrawals or Roth conversions, plus any interest or other income.
State Medicaid is fine, and covers all prescription, office, labs and such, but you have to get approval from the state for any procedures. The provider should take care of that.
MetLife has the best cost on Dental, as that is an Intel group plan. You have to sign up for it before COBRA stops, and if you ever stop making payments, then you lose access to that plan forever. Medicare does not cover dental, and the marketplace does not subsidize dental, so MetLife is the best option. Getting started requires calling them and takes a bit of time, so be patient.
If retiring, IRMP is fine but has a low deductible so is more expensive than the marketplace. That is the only difference between IRMP and the marketplace Blue Cross plans. Anyone who says otherwise is uninformed.
That depends on what they decide to include in the severance package. So far, during the last few rounds of mass layoffs, they’ve offered at least a year of COBRA coverage. Essentially, you get to keep your current health insurance plan for another 12 months.
After that, you’ll have to figure out your next step. Hopefully, you’ll have found a new job with benefits by then. Otherwise, if you’re in the US you’ll need to explore your options, whether that’s enrolling in Medicare if you’re eligible or purchasing coverage through the Health Insurance Marketplace.