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We understand group healthcare market! Let us show you how you can save your business thousands of dollars in healthcare premiums! • Our group healthcare specialists have been working with Pennsylvania Group insurance for over a decade. We know the markets and can show you how to maximize your group’s coverage for your insurance dollar. Protect your most valuable investment: your trusted employees! • Fill in our EASY ONE-SCREEN online group health quote form. We will get a price back to you by the following business day in many cases. |
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- PA Health InsuranceEvaluating your COBRA OptionsIf someone is leaving their present employer, an important factor to consider is what health insurance options are available. One of these options may be to continue health benefits through the Consolidated Omnibus Budget Reconciliation Act (COBRA). Employers with 20 or more employees are required to make Cobra benefits available to employees who have left employment. Under these provisions, a former employee can continue his or her group health insurance benefits, including vision and dental, for up to 18 months. From the date of termination a former employee has 60 days to accept the Cobra option, and would pay the same premium that the former employer would be charged by the insurance company for that coverage. Otherwise, the coverage continues exactly the same as before the employee’s termination. After 18 months (depending on the insurance company) the employee may have the option of converting their Cobra coverage into a permanent plan. If a conversion plan is offered, typically the benefits and/or the premiums are not as attractive as the original plan. However, it may be the best option available – particularly if serious health problems or pre-existing conditions exist. In most cases, converting the Cobra option is not be in the best financial interest of the individual. If an insured (and family, if any) is in good health, a health insurance plan with much better benefits and much lower cost will be available. This occurs because the conversion plans are priced by insurance companies with an assumption that they will have to pay significant claims for pre-existing conditions. For all of the above reasons quotes from different health insurance companies should be among the options one considers before making any decision concerning Cobra.. If you find yourself in that situation, we would be happy to assist you. Please call us and one of our experienced licensed health insurance professionals will help you review your options. Feel free to call me (1-888-323-8832) or e-mail me at quotes@lowcostpahealthinsurance.com.  |
