KD in CA Posted April 1, 2009 Share Posted April 1, 2009 I know there are several (or more) people here who have been laid off so I presume a number of you are paying for your health benefits in full via COBRA. The February stimulus bill provides for a 65% reduction in premiums you are required to send your employer for COBRA. Also, if you turned down COBRA before, you might get a 2d bite at the apple. Contact your former employer if they haven't notified you yet. http://www.dol.gov/ebsa/faqs/faq-cobra-pre...eductionER.html Link to comment Share on other sites More sharing options...
The Poojer Posted April 1, 2009 Share Posted April 1, 2009 it is a mess for all the former CC people...CC no longer exists as an entity...therefore no COBRA...everyone is forced to find their own insurance...it is not a pretty site Link to comment Share on other sites More sharing options...
Gordio Posted April 1, 2009 Share Posted April 1, 2009 I know there are several (or more) people here who have been laid off so I presume a number of you are paying for your health benefits in full via COBRA. The February stimulus bill provides for a 65% reduction in premiums you are required to send your employer for COBRA. Also, if you turned down COBRA before, you might get a 2d bite at the apple. Contact your former employer if they haven't notified you yet. http://www.dol.gov/ebsa/faqs/faq-cobra-pre...eductionER.html let me ask you something, how does Cobra work. I think it works that you pay what your employee pays to insure you & your family correct? Link to comment Share on other sites More sharing options...
KD in CA Posted April 1, 2009 Author Share Posted April 1, 2009 let me ask you something, how does Cobra work. I think it works that you pay what your employee pays to insure you & your family correct? Right. You just stay on your existing health insurance when you leave the company, except after you leave you pay 100% of the premium. The new legislation calls for the gubmint (aka your fellow taxpayers) to foot 65% of the bill. Link to comment Share on other sites More sharing options...
stuckincincy Posted April 1, 2009 Share Posted April 1, 2009 Right. You just stay on your existing health insurance when you leave the company, except after you leave you pay 100% of the premium. The new legislation calls for the gubmint (aka your fellow taxpayers) to foot 65% of the bill. Who's paying for this? The newly-printed money? Link to comment Share on other sites More sharing options...
KD in CA Posted April 1, 2009 Author Share Posted April 1, 2009 Who's paying for this? You are. Link to comment Share on other sites More sharing options...
stuckincincy Posted April 1, 2009 Share Posted April 1, 2009 You are. What will the recipients do for me, in return for this largess I have to pay via taxation under penalty of incarceration or confiscation of my assets? Link to comment Share on other sites More sharing options...
The Poojer Posted April 1, 2009 Share Posted April 1, 2009 Consume What will the recipients do for me, in return for this largess I have to pay via taxation under penalty of incarceration or confiscation of my assets? Link to comment Share on other sites More sharing options...
Acantha Posted April 1, 2009 Share Posted April 1, 2009 Consume It really is pure insanity. Link to comment Share on other sites More sharing options...
MattyT Posted April 1, 2009 Share Posted April 1, 2009 Also, if you were involuntarily terminated during the qualifying period (9/1/08-12/31/09) and you paid 102% of the cost for COBRA in March, then you can request a refund or credit to get 65% of it back. Link to comment Share on other sites More sharing options...
EZC-Boston Posted April 1, 2009 Share Posted April 1, 2009 when do they start handing out the little red book? Link to comment Share on other sites More sharing options...
Gordio Posted April 1, 2009 Share Posted April 1, 2009 Right. You just stay on your existing health insurance when you leave the company, except after you leave you pay 100% of the premium. The new legislation calls for the gubmint (aka your fellow taxpayers) to foot 65% of the bill. Let me get this straight, you lose your job & they expect you to pay when your only getting unemployment 100% of the premium that your company was paying? I think I pay around $100 every two weeks or $200 a month for my son, my wife & myself. My guess is(& it is only a guess) is that my company probably pays about $1000 a month. So not only do I lose my job but my monthly expenses go up about a 1,000. I got a question, how does anybody make it on unemployment. Link to comment Share on other sites More sharing options...
KD in CA Posted April 1, 2009 Author Share Posted April 1, 2009 Let me get this straight, you lose your job & they expect you to pay when your only getting unemployment 100% of the premium that your company was paying? I'm not sure who "they" is, but who else would pay for your insurance if you didn't work there anymore? It's just like every other living expense. But to answer your question: yes. I think I pay around $100 every two weeks or $200 a month for my son, my wife & myself. My guess is(& it is only a guess) is that my company probably pays about $1000 a month. So not only do I lose my job but my monthly expenses go up about a 1,000. I got a question, how does anybody make it on unemployment. Unemployment is meant to be a stop gap, not a lifestyle. Thus the incentive to a) save money so you have something to fall back on if this happens and b) find another job ASAP. And depending on the quality of your plan, family coverage likely costs around $1200-$1400 per month. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 1, 2009 Share Posted April 1, 2009 Let me get this straight, you lose your job & they expect you to pay when your only getting unemployment 100% of the premium that your company was paying? I think I pay around $100 every two weeks or $200 a month for my son, my wife & myself. My guess is(& it is only a guess) is that my company probably pays about $1000 a month. So not only do I lose my job but my monthly expenses go up about a 1,000. I got a question, how does anybody make it on unemployment. No one makes it on unemployment. That's the point. And COBRA is just a way to insure you get the coverage, not to make it affordable. If you're no longer working with your company why should they pick up their share? Link to comment Share on other sites More sharing options...
bills_fan Posted April 1, 2009 Share Posted April 1, 2009 Let me get this straight, you lose your job & they expect you to pay when your only getting unemployment 100% of the premium that your company was paying? I think I pay around $100 every two weeks or $200 a month for my son, my wife & myself. My guess is(& it is only a guess) is that my company probably pays about $1000 a month. So not only do I lose my job but my monthly expenses go up about a 1,000. I got a question, how does anybody make it on unemployment. Yes, but depending on your personal situation, many private insurance plans offer cheaper, customizable options. Link to comment Share on other sites More sharing options...
Gordio Posted April 1, 2009 Share Posted April 1, 2009 I'm not sure who "they" is, but who else would pay for your insurance if you didn't work there anymore? It's just like every other living expense. But to answer your question: yes. Unemployment is meant to be a stop gap, not a lifestyle. Thus the incentive to a) save money so you have something to fall back on if this happens and b) find another job ASAP. And depending on the quality of your plan, family coverage likely costs around $1200-$1400 per month. I understand, but I got to imagine the majority of people that collect unemployment probably take their chances & drop their health insurance all together. That is all i was trying to say. Link to comment Share on other sites More sharing options...
Gordio Posted April 1, 2009 Share Posted April 1, 2009 No one makes it on unemployment. That's the point. And COBRA is just a way to insure you get the coverage, not to make it affordable. If you're no longer working with your company why should they pick up their share? My brother-in-law has been on unemployment for almost 2 years now & he seems like he is doing alright. Of course he also got a buyout from GM for $100K. I think his unemployment just got extended again until June. How does NYS justify paying someone unemployment that long. No wonder why the state is broke. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 1, 2009 Share Posted April 1, 2009 My brother-in-law has been on unemployment for almost 2 years now & he seems like he is doing alright. Of course he also got a buyout from GM for $100K. I think his unemployment just got extended again until June. How does NYS justify paying someone unemployment that long. No wonder why the state is broke. Does the EDD know he got a $100k severance from GM. And that's reason 1837 that the US car companies are going out of business. Link to comment Share on other sites More sharing options...
IDBillzFan Posted April 1, 2009 Share Posted April 1, 2009 when do they start handing out the little red book? That's pretty damn funny. Link to comment Share on other sites More sharing options...
Gordio Posted April 2, 2009 Share Posted April 2, 2009 Does the EDD know he got a $100k severance from GM. And that's reason 1837 that the US car companies are going out of business. I don't know. All I know is he started collecting it back in June of 07 & he just got another extension until this june. Link to comment Share on other sites More sharing options...
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