undefined | Better HN

0 pointsransom15386y ago0 comments

"Beneficiaries then have 60 days to inform the administrator whether or not they want to continue insurance coverage through COBRA."

If you are paying for COBRA you are doing it wrong. You take those 60 days to find private insurance. You basically get 2 free months of health insurance since you cancel on that 60 day mark and never pay. If on day 58 you need health insurance you pay COBRA. Otherwise - your new private insurance kicks in on day 60.

[Yes! You could have history of heart attacks and not find cheaper private insurance but I am hoping that isn't you!]

0 comments

1 comments · 1 top-level

zrail6y ago

> Yes! You could have history of heart attacks and not find cheaper private insurance but I am hoping that isn't you!

Major medical health insurance in the United States for the individual and small business markets has had community rating since 2008. That means health insurers are not able to take health history into account when setting rates. They can only set rates based on age and tobacco usage.

j / k navigate · click thread line to collapse