Difference between Quitting a Job VS. Getting Fired… In Regards to Health Insurance?

[HappyDude20]

I have health insurance with my health employer here in the U.S. in Maine after working 90 days with the company. Now that I’m 115 days working with the company my boss and I have agreed to part ways. My Last day is in 7 days.

I’m wondering how this works considering I just signed up for health insurance that’s offered by the company. I know there’s some government backed COBRA thing that’s suppose to look after the consumer but don’t know too much about it.

 

[0128672]

The company’s HR/benefits department can tell you if you’re eligible for COBRA coverage, as well as provide details about other end-of-employment matters. That should be your starting point.

What COBRA coverage offers is access to the group policy, but you’ll have to pay the full premium, and the employer can add a small surcharge for administrative costs on top of that (I believe the max is 104%).

There are exceptions to COBRA coverage if the reason for termination is gross misconduct.

If you anticipate signing up for Affordable Care Act insurance, you’ll want to be fully aware of how that works if you’re receiving COBRA benefits.

Hope you find work that suits you better.

Facts to Help Determine Your COBRA Eligibility | Benefits.gov

<p>COBRA allows for healthcare benefits to temporarily continue for workers and families during times of transition, job loss, and more.</p>

www.benefits.gov

 

[circatee]

Upon leaving, you will quickly get details from HR about Cobra and such. In short, like @WildSky stated, you may be offered the option to pay the full premium for insurance.

 

[Macky-Mac]

company size is critical, so check with your employer

from Wildsky's link;

• COBRA covers group health plans only when sponsored by an employer who has at least 20 employees. Additionally, the employees must have been employed for more than 50% of the business days the previous year.

 

[Clix Pix]

I have health insurance with my health employer here in the U.S. in Maine after working 90 days with the company. Now that I’m 115 days working with the company my boss and I have agreed to part ways. My Last day is in 7 days.

I’m wondering how this works considering I just signed up for health insurance that’s offered by the company. I know there’s some government backed COBRA thing that’s suppose to look after the consumer but don’t know too much about it.

The title of this thread isn't representative of what you are actually asking about in it..... This is rather confusing. Were you actually fired or not? There is a difference between being fired and (at least on paper, supposedly voluntarily) quitting a job when it comes to unemployment benefits, yes. That can be very significant when it comes to trying to collect unemployment. You may or may not be eligible for unemployment benefits. The health insurance coverage or lack thereof is a different issue altogether.

Not sure about how the COBRA insurance thing works, though, especially as to whether it doesn't make much difference if an employee (on paper) left willingly by mutual agreement or was flat-out fired, and whether or not that employee had already been paying into the healthcare benefits system, and for how long that had been going on. A year or longer is one thing; a month or two -- well, that's something quite different.

As has been mentioned, the HR department of the employer will provide you with the documents and information you need as you wind up your employment with that company. You may or may not be eligible for Unemployment Benefits, and you may or may not be eligible for COBRA benefits; that is not something we can determine here, but this is something about which the HR department of that company should know.

 

[heyyitssusan]

Most of the time COBRA is super expensive, depending on the company. Maybe look into the Marketplace plans and see what’s being offered so you can compare the two.

 

[Gregg2]

COBRA was quite reasonable for me. I used it for as long as I could before purchasing a policy in the marketplace. But this was only for dental and vision coverage.