8 Questions You May Have About the New COBRA Subsidy

Beautiful site!

free credit report com car of 3:13PM March 11, 2010

I have a cobra conversion policy and the premium has just increased in January to over 1300.00 a month with a a $3000.00 deductible. I called my health insurance company today and they told me that my state insurance comissioners sets the premium rate and deductible. My husband and I wanted to increase it to a 10,000.00 deductible. We were refused and told it had to stay at original deductible of 3000.00. I need help with lowering my premium or raising my deductible. Do you have ideas on this. Thanks.

Margaret Underwood of GA 3:56PM March 10, 2010

ERISA requires the sponsor of a group health care plan subject to its provisions to inform plan participants, including any former employees eligible for plan benefits, of (1) a material reduction in covered services or benefits within 60 days of adopting the change and (2) any other material modification to the plan within 210 days of adoption.

Also some state laws often require an employer providing group health insurance coverage for its employees, when substituting another insurance policy, to give each insured employee notice of the substitution a certain number of days before the effective date of the change.

Fred of CA 3:31PM February 09, 2010

I am an early retiree, who signed up for Cobra in the state of NY. I began Cobra coverage in November 09. My income is under $40K. I am 55 years old. I have serious pre-existing conditions (atrial fibrilation, anti seizure meds).

Any advice on reducing my health insurance costs (PPO, dental, prescription drugs)?

Thank you,

Barry

Barry Fried of NY 11:05AM December 12, 2009