• Job lost, did not qualify for FMLA. Applied for short term disability. Waiting to hear back. Is life insurance included in cobra?

    Asked by rustysflygirl on Thursday, April 5, 2012

    Job lost, did not qualify for FMLA. Applied for short term disability. Waiting to hear back. Is life insurance included in cobra?

    I thought this might happen, that my husband would lose his job after his company found out about the cancer. Can't prove it, another employee is being let go as well, but isn't it more economical to fire 2 employees rather than pay huge sums for chemo? Anyway, nothing we can do about that. Is life insurance included in Cobra?

    8 Answers from the Community

    8 answers
    • CarolLHRN's Avatar
      CarolLHRN

      Life insurance is usually not included in COBRA. Before signing up for COBRA, do some research of some other medical plans that you can buy yourself. COBRA is often more expensive than buying individual or family coverage. It may not be in your case but worth investigating. Thanks to ObamaCare, there are many insurance companies offering these types of plans.

      almost 5 years ago
    • kayebee's Avatar
      kayebee

      Life Insurance and Health Insurance are two separate policies. COBRA only covers health insurance and it is super expensive. Carol gave good advice about investigating other health coverage. Regarding Life Insurance, tell your husband's HR person that you want info on converting from the group life to individual life. If there is a conversion clause in the policy and there usually is, your husband cannot be turned down due to his health. It might be worthwhile for you to at least find out the cost to convert.

      almost 5 years ago
    • gdytko's Avatar
      gdytko

      My insurance ran out and right now I have only discount cards for the pharmacy and certain doctors...like Walgreens pharmacy has a discount card. Check with a resource dept. at your local hospital or cancer clinic. As for health insurance for a Pre existing medical condition, there is a web site to check, www. pcip .com. It is called Pre existing condition insurance plan. The only thing, is that you have to be without insurance of any kind for a total of six months. I don't know why, but that is their rule. The cost depends on the State you live in. I found it to be a lot cheaper than Cobra, by about a third of the cost. As far as I know they don't have life insurance plans.

      I hope that helps,
      Gerrick

      almost 5 years ago
    • kayebee's Avatar
      kayebee

      One more thing, check into converting the life insurance right away because there usually is a limited timeframe before you lose your eligibility. Same thing applies for COBRA.

      almost 5 years ago
    • RebeccaW's Avatar
      RebeccaW

      Didn't Obama sign a law that one cannot be terminated nor loose their insurance due to a terminal illness? You might want to seek the advice from an attorney. Especially is he was never written up negatively in the past. There may be a fight but employers can't just terminate someone who is sick. Even at will employment.

      almost 5 years ago
    • Bashiemn's Avatar
      Bashiemn

      When I've left jobs I've always had the opportunity to continue the life insurance through COBRA. It's available for 18 months after you leave a job. I am still on it for a plan that I had with a company that terminated me August 2010. Once my 18 months was up, my rate just went up a little, but I was still able to stay on the plan. No health assessment, no additional paperwork.

      Good Luck.

      almost 5 years ago
    • abrub's Avatar
      abrub

      Note: It's not that Cobra is so expensive; it's that when on Cobra you are paying the full premium, as opposed to the employer paying a portion. Cobra is not subsidized. Also, businesses may add 2% onto the Premium Charges for administering Cobra.

      It's worth looking at options. You have about 60 days to sign up for Cobra, and the sign-up will be effective as of the day you became Cobra-eligible. Look for other options, however, do not look on price alone. You get what you pay for.

      almost 5 years ago
    • RebeccaW's Avatar
      RebeccaW

      I wanted to update my answer for this question. My husband was let go after 7 months of waiting from the employer. The employer had purchased an insurance policy for each of their employee's that stated if they were ever let go of their employment due to a terminal illness their COBRA payment and life insurance would be in tact. Therefore my husband insurance was covered as well as his short term life insurance policy. But not all employers do that. I would check into Social Security Disability as soon as possible and see if he can get on there. I'm so sorry this happened to you and your husband. Prayers are going up for you today.

      over 4 years ago

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