Thread regarding Oracle Corp. layoffs

In the RIF document it mentioned Oracle would pay the first month of COBRA coverage if I signed the termination document. I signed it.

Question I have is: Does Oracle pay the entire amount of the first month of COBRA or just the part they were paying monthly while I was an Oracle employee?

@fs From what I have seen O's COBRA is less expensive than comparable unsubsidized ACA plans. Your mileage may varyl

See “Special Enrollment Period” https://www.healthcare.gov/quick-guide/dates-and-deadlines/

Job loss is a qualifying event for applying for ACA health plans outside of the normal enrollment window. In my state there are heath insurance brokers who can help you compare different plans.

COBRA coverage is expensive, but may be worth it if it covers your medical expenses for service that would not be covered under an ACA plan.

COBRA is brutally expensive but if you need the coverage it is an option. If you sign up for COBRA, ORACLE will cover the first 4 weeks and the coverage is retroactive to the termination date (assuming you sign up in the window / deadline period). I assume this is primarily to allow time to establish payments, etc. from your personal funds.

Keep in mind that most employers allow a mid-year change of plan for a "qualifying life event". So if you are eligible to be a dependent on someone else's plan (for example your spouse or legal partner), you probably can make that switch and it will be a lot less expensive than Oracle COBRA. My wife and I are already working with her company's HR department on this and it does not look like it is going to be an issue. Just remember you do NOT want any break any coverage so if you are having trouble figure it out you may need to COBRA at least for short term.

Full disclosure this is based on the communications I have received as a non-California resident in the United States. California and other countries may vary significantly.

' I maybe wrong, medical insurance from Obama Care plans could be cheaper than COBRA.'
To answer the above short section only, Obamacare is much cheaper than the unsubsidized (by Oracle co-payment) COBRA plan. Your Obamacare healthcare payment is based on current income. So next year your Obamacare payments should be lower (due to unemployment.) There is an adjustment period that occurs in April.

The signup period for Obamacare is Nov. Don't miss it.
You can find more Obamacare data if you search (Youtube or other) for Healthcare before age 65. I'm sure there are other sources.

I'm 62 and Oracle has chronic layoffs, so I started to research alternate healthcare options before Medicare kicks in.

@b4 You can post anything and everything here!

Wrong website
Your opinion.

Company provided health insurance a COBRA as a way of extending it is certainly related to loss of employment and seems fair game as an issue of discussion for those who have been laid off.

ARAG and life insurance coverage you had do end at your termination date. I was paying into the insurance, I wonder if I'll get any of that back. Probably not.

I'm looking at the information in the rif document I got. COBRA is confusing. It ways we have 60 days after our termination date to sign up for it, and the overage is retroactive to our termination date so there will be no lapse in coverage. it gave the name and phone number of the plan administrator (it's a company). I don't know, are we allowed to post that information here? I'm GUESSING it would be the same company-wide in the US, but I'm in Florida, not sure about CA.

I have the page open to insurance options on AARP's web page to compare pricing on plans. Haven't even looked into ACA aka Obamacare plans.

I have a similar question about COBRA coverage. Currently, I am enrolled in the Northern Cal Kaiser plan via Oracle. Can anyone explain the differences between Kaiser Silver 70, Kaiser Platinum 90, and the Oracle Northern Cal Kaiser plan? Will I receive better care/treatment if I continue with the Oracle Kaiser Plan (COBRA) compared to switching to the Covered California Kaiser Silver 70 or Platinum 90 plans? thanks