As some of you may know, I left the “corporate” job that I had at an agency to go back to running my own business full time. I had awesome, excellent insurance. Probably the best insurance that I’ve ever had, and from the insurance that I hear family and friends have, better than all of those. Well, when I left my job, since I’m not married, I had to opt in for the COBRA insurance coverage. This would be more expensive because I would be responsible for the entire premium, as opposed to when I was only paying 3% because my previous employer was paying nearly 97% of it.
It’s been a little over two months since I have been on COBRA and it’s really not that bad. The monthly premium payment is a lot higher, but it’s manageable. This is the second that I have been on COBRA. The first time that it happened, there were some issues at first with the insurance coverage, and my ID number, and miscommunications on whether the premium was paid or not. I have United Healthcare, and luckily, they have their own COBRA division so they communicate with each other and all of their systems are on the same page.
I get questions a lot about COBRA and any difficulties that I have with it, but this time around, I have been problem free…..so far. The insurance coverage is exactly the same, the co-pays for my supplies are the same, and there has been no issue with the suppliers and doctors billing my insurance.
Let’s keep the fingers crossed and hopefully there are no bad experiences to come.
This is so incredibly reassuring regarding UHC and COBRA, as I will be doing the same next month.
Hope it stays that way, Chris. I’ve had my share of times being on COBRA in the past and never really had any issue with it, other than the sticker-shock of having to pay an arm and a leg. Appreciate you sharing your thoughts on this here.