Major Medical vs. Cobra
Results 1 to 10 of 10
  1. #1
    Pro
    Points: 79,703, Level: 87
    Level completed: 76%, Points required for next Level: 447
    Overall activity: 12.0%
    Achievements:
    SocialVeteran50000 Experience Points
    stateofmind's Avatar
    Join Date
    Jul 2007
    Location
    Ankeny
    Posts
    2,822
    Points
    79,703
    Level
    87
    Thumbs Up
    Received: 189
    Given: 316

    Major Medical vs. Cobra

    Any insurance guys out there? I'm leaving my company and starting with another. I would like to take some time off between jobs, but I wanted to see how much it will cost to insure my family until the new job's insurance kicks in, 30 days after I start.

    I've heard Cobra is very expensive and have also heard that Major Medical is a very affordable option.



  2. #2
    Pro
    Points: 30,435, Level: 53
    Level completed: 63%, Points required for next Level: 415
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    CyPride's Avatar
    Join Date
    Oct 2008
    Posts
    2,537
    Points
    30,435
    Level
    53
    Thumbs Up
    Received: 2
    Given: 6

    Re: Major Medical vs. Cobra

    Quote Originally Posted by stateofmind View Post
    Any insurance guys out there? I'm leaving my company and starting with another. I would like to take some time off between jobs, but I wanted to see how much it will cost to insure my family until the new job's insurance kicks in, 30 days after I start.

    I've heard Cobra is very expensive and have also heard that Major Medical is a very affordable option.
    Major medical is the way to go. You could even consider major medical for you and the mrs., and if you had any kids do a bcbs plan for them. but if it were short-term i'd do major medical and not lose any sleep over that decision.



  3. #3
    Pro LeSchmick's Avatar
    Join Date
    Dec 2008
    Location
    Urbandale
    Posts
    2,022
    Thumbs Up
    Received: 1
    Given: 0

    Re: Major Medical vs. Cobra

    Health Care is for sick people


    @LeSchmick

    XBox Live: Le Schmick

  4. #4
    Pro
    Points: 48,440, Level: 68
    Level completed: 7%, Points required for next Level: 1,310
    Overall activity: 6.0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Apr 2006
    Location
    Burnsville, MN
    Posts
    3,068
    Points
    48,440
    Level
    68
    Thumbs Up
    Received: 117
    Given: 21

    Re: Major Medical vs. Cobra

    I changed jobs about a year ago, and if I remember correctly, Cobra would have cost me about 900 per month for my family of 3.
    I ended up only having about 15 days without insurance, which was a risk I was willing to take. Figured what I had in the HSA account would cover in a pinch.
    I have friends that have used Major Medical, and were pleased. (didn't have to use it, and it didn't cost much.)



  5. #5
    Bench Warmer
    Points: 11,504, Level: 32
    Level completed: 37%, Points required for next Level: 446
    Overall activity: 2.0%
    Achievements:
    Veteran10000 Experience Points
    Jnecker4cy's Avatar
    Join Date
    Aug 2006
    Location
    Ankeny, IA
    Posts
    295
    Points
    11,504
    Level
    32
    Thumbs Up
    Received: 1
    Given: 0

    Re: Major Medical vs. Cobra

    Major Medical (Short Term) is the way to go. I am an Insurance guy, that is the route I would take. Cobra will be very expensive.


    Many Years Of Cyclone Logos


  6. #6
    Speechless
    Points: 734,570, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 78.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    48,977
    Points
    734,570
    Level
    100
    Thumbs Up
    Received: 2,125
    Given: 1,017

    Re: Major Medical vs. Cobra

    I thought this was going to be a GI Joe thread



  7. #7
    Addict
    Points: 85,495, Level: 90
    Level completed: 97%, Points required for next Level: 55
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points
    superdorf's Avatar
    Join Date
    Oct 2007
    Location
    Des Moines, IA
    Posts
    6,948
    Points
    85,495
    Level
    90
    Thumbs Up
    Received: 1
    Given: 0

    Re: Major Medical vs. Cobra

    Quote Originally Posted by Cyclonepride View Post
    I thought this was going to be a GI Joe thread
    Yeah... I was disappointed too.



  8. #8
    All-Star
    Points: 18,304, Level: 41
    Level completed: 29%, Points required for next Level: 646
    Overall activity: 1.0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Mar 2006
    Posts
    1,048
    Points
    18,304
    Level
    41
    Thumbs Up
    Received: 1
    Given: 0

    Re: Major Medical vs. Cobra

    When I quit my job several years ago, the Cobra was expensive but you did not have to sign up for it the day you quit. In other words, if your layoff between jobs is short, you may be able to go without and then sign up for the Cobra if you actually need it. I don't remember what that window that you have to sign up for the Cobra is, and it is possible the loophole has been closed.



  9. #9
    Pro
    Points: 30,435, Level: 53
    Level completed: 63%, Points required for next Level: 415
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    CyPride's Avatar
    Join Date
    Oct 2008
    Posts
    2,537
    Points
    30,435
    Level
    53
    Thumbs Up
    Received: 2
    Given: 6

    Re: Major Medical vs. Cobra

    Quote Originally Posted by ericlambi View Post
    When I quit my job several years ago, the Cobra was expensive but you did not have to sign up for it the day you quit. In other words, if your layoff between jobs is short, you may be able to go without and then sign up for the Cobra if you actually need it. I don't remember what that window that you have to sign up for the Cobra is, and it is possible the loophole has been closed.
    Good call - meaning that he might have 90 days (or whatever amount of time) in which he wouldn't have to buy major medical, if that i the route he wanted to take.



  10. #10
    Starter
    Points: 20,051, Level: 43
    Level completed: 23%, Points required for next Level: 699
    Overall activity: 1.0%
    Achievements:
    SocialVeteran10000 Experience Points
    becrisgreg's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    874
    Points
    20,051
    Level
    43
    Thumbs Up
    Received: 20
    Given: 29

    Re: Major Medical vs. Cobra

    Quote Originally Posted by ericlambi View Post
    When I quit my job several years ago, the Cobra was expensive but you did not have to sign up for it the day you quit. In other words, if your layoff between jobs is short, you may be able to go without and then sign up for the Cobra if you actually need it. I don't remember what that window that you have to sign up for the Cobra is, and it is possible the loophole has been closed.

    Talk to your HR department, but this is the way to go. COBRA is retroactive, so you can pay only if you need it.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Mediacom 22
  • HOOPS: Iowa State vs. Drake
  • December 20, 2014
  • 04:00 PM