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Useful info on health insurance when you lose your job

If you lose a job through no fault of your own, that is a qualifying event and you can enroll in Obamacare at any time during a window that lasts a few months (I can't remember if it is 60 or 90 days after last day of employment) of your last day working.

Remember most of you will get credits that can dramatically reduce the cost of insurance. The high deductible plans are the cheapest, but basically cover nothing until you pay $6,000+ out of pocket during the year. Some people establish savings accounts to cover doctor visits and meds. If you see the doctor frequently or are on expensive meds, you will need a plan that either has a much lower deductible or one that has a significant deductible BUT covers pr-scrip-ion d--gs without any deductible.

BEWARE of those junk short term health care plans available in some states. The Trump Admin wants to allow those again and they are a total ripoff because they will deny virtually every claim you make for a myriad of reasons. They have deductibles too, exclude pre-existing conditions, make their own determinations about medical necessity that are assuredly stricter than your own. They won't even cover you if you are found to be obese, have significant medical problems, are old, or have a family history of frequent use of health care. They remind you why the old system before Obamacare was so horrible.

COBRA is the most expensive insurance there is. Try to avoid it unless you get some sort of cost sharing.

Think that this post will provide some useful info for many of you. Posted by @VMSmJtS-1oed

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Post ID: @OP+VOXzkXp

5 replies (most recent on top)

Since Obamacare works primarily through state exchanges, if you have complaints, I'd start with your state's governor's office. If you live in a red state trying to sabotage the system, elect someone else. In NY, you pick the same plans from the same insurance companies offered by employers. You have dozens of options. The prices look high but a lot of people get credits that dramatically cut those costs. BTW, those are the prices companies are charged and subsidize for their employees. After picking a plan, you deal with the same insurance company(ies) everyone else in the area does.

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Post ID: @hwq+VOXzkXp

Obama care doesn't need to be repealed but expanded. I live in a state that had decent public insurance that was made better by Obama care. It has been life or death helpful to many. If you live in a state that rejected it or you have poor choices available, maybe you should have realized that it could be YOU that needed the help someday.

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Post ID: @sgg+VOXzkXp

Obviously uog, you have never been subjected to getting your insurance through the Obamacare system. It is a disaster and needs to be repealed.

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Post ID: @een+VOXzkXp

I don't see any opinion or commentary. I see verifiable facts. That is the problem with some people. They let politics get in the way of facts.

Short term plans s---, the Trump Administration and the Republicans want to bring them back thanks to hefty campaign contributions, and they are plain awful. Obamacare is not perfect, but it sure is better than the catastrophe we had before with pre-existing claims denials, trick and trap insurance, and no credits to make plans affordable.

Do some research instead of belonging to a fan club.

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Post ID: @uog+VOXzkXp

BEWARE of those junk short term health care plans available in some states. The Trump Admin wants to allow those again and they are a total ripoff because they will deny virtually every claim you make for a myriad of reasons. They have deductibles too, exclude pre-existing conditions, make their own determinations about medical necessity that are assuredly stricter than your own. They won't even cover you if you are found to be obese, have significant medical problems, are old, or have a family history of frequent use of health care. They remind you why the old system before Obamacare was so horrible

It would be nice if you could just post information without inserting your opinion(s)/commentary

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Post ID: @wbn+VOXzkXp

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