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28 votes
Accepted

Short term health insurance between jobs

COBRA continuation is likely not the optimal move at this time. Employer-sponsored coverage subsidized by an employer, unless the available plans are absolutely awful, will likely result in a lower ...
Stan H's user avatar
  • 7,551
6 votes
Accepted

If I voluntarily change employers, can I keep my health insurance through COBRA?

There's a couple of nuances to bear in mind. If your employer is subject to COBRA requirements, as Ben Miller mentions, you'll be able to continue your coverage via COBRA as long as there was no ...
quid's user avatar
  • 49k
5 votes

If I voluntarily change employers, can I keep my health insurance through COBRA?

Yes, you are generally eligible for COBRA if you quit your job. According to the Department of Labor's COBRA FAQ (Q5), "Termination of the employee's employment for any reason other than gross ...
Ben Miller's user avatar
  • 116k
5 votes

Can COBRA-premiums be paid for pre-tax?

COBRA premiums are an HSA eligible expense, per page 8 of IRS Pub. 696: Insurance premiums. You can’t treat insurance premiums as qualified medical expenses unless the premiums are for: ...
Guest5's user avatar
  • 1,324
5 votes

Are you eligible for COBRA more than once?

Yes. COBRA is just a law that says your employer must extend a terminated employee's eligibility under it's health plan for 18 months, but you must pay the full premium and potentially an up to 2% ...
quid's user avatar
  • 49k
4 votes

During the cobra 60 days election period, can I go to the doctor?

Step 1: get the paperwork that you should have been given when you left the company. That should include information on who to contact with your old employer, or the old insurance company. They also ...
mhoran_psprep's user avatar
4 votes
Accepted

Am I formally insured during the COBRA election period if I ultimately choose not to elect coverage?

COBRA can be enacted retroactively. You have 60 days to elect coverage, so you can wait until it's needed to enact it, but you will have to pay for the retro-active coverage. I did the same thing when ...
BobbyScon's user avatar
  • 14k
4 votes

Employer Paid COBRA asking for reimbursement

The paperwork you signed should have made it clear who was responsible for the cost of the insurance. Normally there is a requirement to make the first payment within 45 days. That requirement was ...
mhoran_psprep's user avatar
4 votes
Accepted

Are COBRA plans subject to the same special enrollment rules as non-COBRA group plans?

COBRA isn't a plan, it's a rule that says your employer (or employer group or union etc) based health coverage needs to allow you to continue participating in the plan after you lose eligibility. ...
quid's user avatar
  • 49k
3 votes

Can you keep on COBRA for medical and elect only dental and vision coverage from new employer?

I've worked for large and small companies across the US over the last 20 years. Every one of them has medical as a separate enrollment from all other benefits. Meaning, you can elect to have no ...
FrankRizzo's user avatar
  • 1,201
3 votes

HSA unemployement lump sum

The are two distinct parts to this answer: You can only contribute up to the HSA limit for 2019 if you have a HDHP eligible health plan for the entire year. If not, the contribution limit is reduced ...
TTT's user avatar
  • 47.2k
3 votes
Accepted

Electing Cobra with HDHP after layoff

HSA contributions are handled on Form 8889 as part of the tax return. On the form, Line 2 is where you put anything that you sent in directly to your HSA with your own after-tax money. Line 9 is ...
Ben Miller's user avatar
  • 116k
3 votes

Electing Cobra with HDHP after layoff

For the employed, an HSA (or 401(k) or other pretax retirement account) deposit comes off the top, i.e. it's deducted before taxes are withheld. For those of us not employed, the HSA deposits are ...
JTP - Apologise to Monica's user avatar
3 votes
Accepted

How can I get a tax benefit from making COBRA payments?

Regarding question 1: No, many sources agree that COBRA premiums are not eligible for the self-employed health insurance deduction. The issue is that the insurance must be established under your name (...
Craig W's user avatar
  • 15.9k
2 votes
Accepted

New 1099 employee with Cobra insurance

For the first four months of the year, when you were an employee, the health insurance premiums were paid for with pre-tax money. When you receive your W-2 at the end of the year, the amount in Box 1 ...
Ben Miller's user avatar
  • 116k
2 votes

During the cobra 60 days election period, can I go to the doctor?

You asked two questions, My question is: Can I go to the doctor in this period? What health insurance do I present them? You can certainly go to the doctor whenever you want, insurance or not. ...
dwizum's user avatar
  • 17k
2 votes

COBRA and deductibles already paid

This is kind of a subjective question but there are some common factors to consider. Is the coverage overall better on the private plan. In many (but not all) cases they are less coverage unless you ...
David Taylor's user avatar
2 votes
Accepted

COBRA eligibility and plan transfer

Since your company has more than 20 employees, it qualifies for Federal COBRA, and there is no minimum length of work to be eligible for that. Yes, it should be the exact same plan/carrier as your ...
user102008's user avatar
  • 17.3k
2 votes

Can a dependent keep COBRA as secondary insurance as well as an (inferior) new employment group insurance?

Does the employer automatically terminate COBRA as soon as a dependent is covered by a new employer? No, COBRA will not be automatically terminated. You can keep COBRA when you get new coverage, and ...
dwizum's user avatar
  • 17k
2 votes

How can I get a tax benefit from making COBRA payments?

You asked, How I can get the COBRA not tough for me financially? The direct answer is, you can't. Since you don't have money socked away in an HSA, COBRA premiums cannot be paid pre-tax. The only ...
dwizum's user avatar
  • 17k
2 votes

Cancelling COBRA coverage when offered health insurance with new employer

You can cancel Cobra at any time (at least month to month). As far, as I can tell there isn't really a process for officially cancelling: you just stop paying and they interpret this as "...
Hilmar's user avatar
  • 7,915
2 votes

Employer changing Healthcare provider during COBRA eligibility period -

You're required to be given the choice to continue in the new plan, and you are required to be given the same choices as a current employee would have - i.e., if they offer 3 plans in Open Enrollment, ...
Joe's user avatar
  • 35.8k
1 vote

Can you keep on COBRA for medical and elect only dental and vision coverage from new employer?

The answer to can you keep your current employer sponsored medical plan via COBRA and still participate in your new employer’s other benefits, probably. Bundling medical with other benefits is pretty ...
quid's user avatar
  • 49k
1 vote

Is a layoff a QLE allowing one to elect different health plan offered by employer?

You May Change COBRA Plans Only During An Open Enrollment The continuation of the same coverage is the same policy that you had the day before the COBRA qualifying event. When you elect COBRA you will ...
0xFEE1DEAD's user avatar
  • 8,498
1 vote
Accepted

If I get covered by a new healthcare plan in the middle of a month that is already covered by COBRA, will I get double coverage or a prorated refund?

You have to ask two organizations: The new company. They will know when coverage starts. For most large companies it will be one day one. For many small companies it can be the first day of the next ...
mhoran_psprep's user avatar
1 vote

Employer Paid COBRA asking for reimbursement

Employer Paid COBRA asking for reimbursement They probably (I'm just guessing, based on age/experience) did that as a courtesy to you so that you would not lose your COBRA insurance. I was under the ...
RonJohn's user avatar
  • 50.7k
1 vote

COBRA eligibility and plan transfer

A couple points about a COBRA plan: It is exactly like your old insurance. The same co-pays, the same deductible, the same covered procedures. There is one big difference. The cost. You will pay both ...
mhoran_psprep's user avatar
1 vote

What recourse do I have when my COBRA insurance provider refuses to pay my claims? (Presently enrolled and paid in full)

Since you have a group number, I assume it's a company plan. Every company assigns someone in your company to be group administrator. That is who you need to speak to first.
Blue Northern's user avatar
1 vote

Can I defer starting Medicare if 65 and on COBRA after a lay-off? (HSA, COBRA, and Medicare)

There are some things to consider with this scenario that you may not be looking at. How often do you go to the doctor? What are your COBRA Premiums? What are your out of pocket costs with your COBRA ...
David Taylor's user avatar

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