Do health insurance benefits continue for the 60 days? Am wondering when Cobra becomes necessary...
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@546, COBRA is not the same as Target's insurance plans. It's totally different, and way more expensive. I just checked on health partners website and you can get a plan for just a single individual with a lower deductible for about $185 a month. That's really not that expensive. There are other lower cost plans if you want a higher deductible.
So does anyone feel Target's crappy health insurance is worth paying COBRA rates for?
If you are laid off before April 1 the new benefits you signed up for will NOT kick in - you'll continue on the benefits you signed up for last year for however long they agree to pay for them.
Depending on your coverage requirements..Cobra could cost you up to $1200/month for family (inclusive of dental/vision)...if you are laid off and have no other income other than say unemployment...you can get tax credits from the Obamacare marketplace that could drop family coverage to $260/month. Just remember that if you get a job and they don't provide insurance you need to notify the insurer and the cost will go up depending on your new salary.
I checked COBRA just a few days ago--$361 a month for HealthPartners low deductible
You get 6 months of continued health insurance where you continue to pay your normal premium amounts. Then after that COBRA kicks in but the cobra insurance is so expensive that you are better off just going to like Healthpartners or Blue Cross directly and buying a monthly plan from them.