Waiting on pins and needles,,,, - Page 4

Elstongunn · ‎03-12-2010

On 7/17/2014 terrier3 said:
On 7/17/2014 ktlynam said: <blockquote class="quote_author">COBRA for me was about $50 more expensive than an ACA plan for me. Again, worth checking out.

${#emotions_dlg.sad}$ I didn't realize it (ACA) was THAT expensive. When I had to go on COBRA, it was a killer. I haven't had to go back on it for years now...guess it isn't as bad compared with ACA as I thought. Ugh.

ACA insurance (at least in my state) had plans ranging from $100/mo. to $500/mo. for individual coverage. Within each company there are also choices - at least 3 levels of coverage.

A $50 difference sounds like the employee sponsored plan had a high deductible or didn't cover everything.

The great thing about ACA is that they don't ask (or care) about pre-existing conditions. Everything is covered.

If you will be living on a severance package or unemployment for a while, you will probably get a lower rate.

Also, ACA takes some of the stress off of people who in the past felt they HAD to stick with a horrible job just to keep their insurance. Knowing the ACA is there takes some of that stress away, at least while you wait for weeks to find out if you are going to be of the ones laid off.

Money doesn't talk; it swears. --Bob Dylan

hckynut · ‎03-10-2010

Looks like this thread got taken over by something else since my other post. If only what I see typed here after my post were true for everyone. I have nothing to say about the injected topic.

hckynut(john)

Elstongunn · ‎03-12-2010

On 7/17/2014 ktlynam said:
On 7/17/2014 terrier3 said:
On 7/17/2014 ktlynam said: <blockquote class="quote_author">COBRA for me was about $50 more expensive than an ACA plan for me. Again, worth checking out.

${#emotions_dlg.sad}$ I didn't realize it (ACA) was THAT expensive. When I had to go on COBRA, it was a killer. I haven't had to go back on it for years now...guess it isn't as bad compared with ACA as I thought. Ugh.

ACA insurance (at least in my state) had plans ranging from $100/mo. to $500/mo. for individual coverage. Within each company there are also choices - at least 3 levels of coverage.

A $50 difference sounds like the employee sponsored plan had a high deductible or didn't cover everything.

The great thing about ACA is that they don't ask (or care) about pre-existing conditions. Everything is covered.

If you will be living on a severance package or unemployment for a while, you will probably get a lower rate.

Also, ACA takes some of the stress off of people who in the past felt they HAD to stick with a horrible job just to keep their insurance. Knowing the ACA is there takes some of that stress away, at least while you wait for weeks to find out if you are going to be of the ones laid off.

Hmmm....looks like my post blended in with terrier3's post. My comment is the last paragraph; terrier3's is everything preceding it. Don't want anyone to think I'm hijacking someone else's comments as my own! Sorry.

Money doesn't talk; it swears. --Bob Dylan

kittymomNC · ‎08-09-2012

On 7/17/2014 hckynut said:
Looks like this thread got taken over by something else since my other post. If only what I see typed here after my post were true for everyone. I have nothing to say about the injected topic.

Sorry, but I don't understand what you mean by injected topic? If it's the ACA, that's because the main reason the OP was concerned was because of insurance for her until she could go on Medicare. Is that what you mean?

Elstongunn · ‎03-12-2010

On 7/17/2014 hckynut said:
Looks like this thread got taken over by something else since my other post. If only what I see typed here after my post were true for everyone. I have nothing to say about the injected topic.

The thread didn't get ""taken over"" by anything. It is still talking about medical insurance coverage concerns in an impending layoff.

chillax.

Money doesn't talk; it swears. --Bob Dylan

redtabby · ‎03-10-2010

To the OP, I know waiting will be tough, but on the positive side most of the layoffs are predicted to be from the newly acquired company. Unless your husbands position is one that may have people from the other company that do the same, he may be safe. Whatever happens, do not pass on insurance. Cobra rates are set by the employer to some degree, they may even pay part of the tab for you. My employer did and it was not a wealthy company.

LaterGator · ‎03-09-2010

No insurance is allowed to turn anyone down due to a pre-existing condition, not ACA nor private. It's the law.

Our insurance is high deductible like to the tune of $5000/yr for just the two of us and our co-pay amount is $7200. We are fortunate enough to have an HSA plan that we can deposit tax free money into up to $6250/yr to use for our deductible and co-pay. It still all comes out of his paycheck but it saves us in income tax. With all of my illnesses, we've met our deductible and co-pay this year already, so everything for us is now $0 until January again.

There are many choices out there now for health care, not just ACA. If we had to use COBRA now, it would not cost us much more, if at all, than what we are paying while he's working.

MadameL, I pray your husband does not get laid off, but if he does, please know that you will make it and you'll get good health care that you can afford. I wish you well.

151949 · ‎03-09-2010

I heard on the evening news that 2/3 of the employees who are laid off will be from Nokia. I hope your DH does not work for them.

Cakers1 · ‎03-09-2010

On 7/17/2014 terrier3 said:
On 7/17/2014 Cakers1 said:
On 7/17/2014 terrier3 said:
You can have the same doctors with ACA plans.

ACA plans are from the same insurance companies that sell to businesses in your area. Just call your doctor's business office and ask what ACA plans they accept. Most accept BC/BS ACA plans (since they are already affiliated with BC/BS).

That is not true. And I hope you are not peddling that info when you go out and sell insurance. Not all doctors are accepting ACA plans even if they accept insurance from those companies. So a person who was paying out of pocket to one doctor may very well find him/her self looking for one who does accept an ACA plan. Just because BC/BS, e.g., is accepted by a doctor doesn't mean said doctor will take ACA BC/BS. The current has even said so (now) that some may not be able to keep their original doctor.

I guess I am lucky to be living in a state with it's own exchange and where all the major insurers "bought in" to the ACA program.

I advised that she call her doctor's business office FIRST and find out what ACA plans the office accepts.

I think she will be pleasantly surprised.

An ACA plan is NOT Medicaid. It has the same reimbursement rates for the doctor's as any other private plan through an employer. It utilizes PRIVATE insurance companies - it is not gvt. insurance.

Who said anything about Medicaid being an ACA plan? Or that it's gov't insurance?

I don't need to be told that - give posters some credit here already.

You are deflecting from the issue that there are problems with doctors and hospitals not accepting ACA plans. Your own state's Medical Society has been complaining for months about this.

If the current is saying that yes, some cannot use the same doctor, I think you need to get your facts straight. There are issues; hospitals and doctors have opted out.

Of course people need to call and find out if their plan is accepted; the fact remains some cannot use the same hospital and/or doctors they had prior to signing up in the Marketplace.

Big Sister · ‎05-15-2010

Try not to worry now about something that may or may not happen.

I have found over the years that when I would worry and make myself sick over something that may happen next week, it usually evolved into something completely different and all my worry was for nothing.

Even if he stays with the company for another two years, this is a good time to meet with your financial advisor.