Documents reveal AT&T, Verizon, Caterpillar and Deere are considering droping health care coverage

[Slingin Sammy 33]

Originally Posted by Dirtbag359

I've been on the Verizon health plan for a while now since my Dad worked for Verizon up until 2008 when they layed him off. Needless to say the benefits were top notch. However we did have a few problems after he got laid off. It took us somewhere around 1 or 2 months to renew the policy which they legally had to offer him. So I was basically getting prescriptions and going went on a doctors visit retroactively.

Now apparently everyone in my family is about to get bumped off the coverage plan, though I think part of that is due to my Dad getting a new job. I mean it's obvious why I can't be covered anymore since I'm no longer a student but I was kind of surprised to see my Mother get kicked off the plan to.

You were probably under COBRA, Schneed can give you the details about COBRA if necessary. In a nutshell, it's a gov't mandated that you can continue med coverage if you lose your job or get laid off. I think it only lasts for 18 months and you pay the premiums 100%.

As soon as your Dad is eligible for insurance under his new company, I'm sure your Mom will be covered.

[mlmpetert]

Originally Posted by Slingin Sammy 33

You were probably under COBRA, Schneed can give you the details about COBRA if necessary. In a nutshell, it's a gov't mandated that you can continue med coverage if you lose your job or get laid off. I think it only lasts for 18 months and you pay the premiums 100%.

As soon as your Dad is eligible for insurance under his new company, I'm sure your Mom will be covered.

COBRA can charge up to 102%, but i think there is currently a subsidy if he is currently unemployed. Also im pretty sure you can continue on COBRA coverage even if you start a new job with insurance benefits, as long as you dont use them. But if your family started COBRA in 2008 then its probably been about 18 months.