Update: Just got my Cobra documents from the ex-employer. My termination date was 5/28 and the Modification program deadline was 5/31 (Reference post OBAMA’S COBRA). The modification basically decreases the price of your existing healthcare package t0 35% of the premium. The employer has to absorb the rest. OMG did I just squeak into that inclusion?!
The monthly fee will be pretty much the same as when I was employed, with the same terms, and deductibles. So I have the same medical, dental, and vision for up to eighteen months. The documents also reference an option to find other plans through www.ExtendAccess.com . I input that address to get a comparison but it defaulted to http://www.extendhealth.com/ . The few plans I looked at had huge deductibles so I’m sticking with the Cobra. Only one drawback: I’ll be billed July 15th for coverage from 5-29 thru 8-31, so essentially they are requiring three months of payments all at once. Make It Work.0 Be the 1st to recommend