I had great health insurance through my old employer that lasts until 12/31. My new employer insurance is set to kick in on 1/1. They are both BCBS of MI PPO plans. I am currently 35 weeks pregnant, due in January.
The differences in the insurance plan coverages are significant. My current provider and hospital of delivery is considered a lower tier of coverage at my new employer and, by my calculations (based on the bills of my previous deliveries at the same hospital), the total cost out of pocket for me and the baby after deductibles and the 20% coinsurance will end up being about $6000 out of pocket. Contrasting this with my old employer’s insurance, the out of pocket cost for delivery and postnatal care was $0.
The cost for me to COBRA my old employer’s insurance for myself and my dependents (so the baby would be covered as well) would be $1300.
So it seems like no question that COBRA would be better in this situation? But am I disqualified from using it because my new employer is covering me starting 1/1? Or do I have to ask my new employer that they push the start date to 2/1 so I don’t have coverage and qualify under COBRA? (Not sure if that is even a thing.)
I have read conflicting info on this. Some things saying that you can have dual coverage, but that the insurance companies duke it out over what covers first. In this case, it is all the same insurer, just two different plans.
Not sure what to do or if COBRA is even an option for me still. Seems like it could be about $5k in savings if I could use it, but I don’t know if I can. Any help is appreciated!!
submitted by /u/cookiecat3363
[link] [comments]
I had great health insurance through my old employer that lasts until 12/31. My new employer insurance is set to kick in on 1/1. They are both BCBS of MI PPO plans. I am currently 35 weeks pregnant, due in January. The differences in the insurance plan coverages are significant. My current provider and hospital of delivery is considered a lower tier of coverage at my new employer and, by my calculations (based on the bills of my previous deliveries at the same hospital), the total cost out of pocket for me and the baby after deductibles and the 20% coinsurance will end up being about $6000 out of pocket. Contrasting this with my old employer’s insurance, the out of pocket cost for delivery and postnatal care was $0. The cost for me to COBRA my old employer’s insurance for myself and my dependents (so the baby would be covered as well) would be $1300. So it seems like no question that COBRA would be better in this situation? But am I disqualified from using it because my new employer is covering me starting 1/1? Or do I have to ask my new employer that they push the start date to 2/1 so I don’t have coverage and qualify under COBRA? (Not sure if that is even a thing.) I have read conflicting info on this. Some things saying that you can have dual coverage, but that the insurance companies duke it out over what covers first. In this case, it is all the same insurer, just two different plans. Not sure what to do or if COBRA is even an option for me still. Seems like it could be about $5k in savings if I could use it, but I don’t know if I can. Any help is appreciated!!
submitted by /u/cookiecat3363 [link] [comments]Read Morer/HealthInsurance