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  1. #1
    Join Date
    Jan 2006
    Location
    temecula
    Posts
    24

    Default One month of COBRA or private health insurance

    Hello,
    I live in california. My spouse just got a new job. They told him it would take 30 days before the insurance kicks in so I might want to get cobra from his last job.
    I heard it was pretty expensive....Would it be better to get temporary health insurance for 1 month instead???
    What are the pros in having Cobra for only 1 month??
    thank you so very much

  2. #2
    Join Date
    Jun 2006
    Location
    Massachusetts
    Posts
    24,262

    Default Re: 1 month of cobra or private health insurance?

    Expensive as it is, I think it unlikely that you will be able to find anything more than catastrophic private insurance for less. The whole point of COBRA is that you get to maintain insurance at the group rates (with a small admininstration fee), and group rates are going to be less than a private policy (unless the private policy has an enormous deductible and covers very little). Trust me, I've been researching this myself recently as my husband's insurance ended and he was not eligible for COBRA.

    But it's all in what you need. Since we don't know what your insurance needs are, we can't make a recommendation. Do you have doctor's appointments coming up? A child who is prone to asthma? Multiple prescriptions? A spouse with a medical condition? A son on the baseball team who may throw out his shoulder on the next pitch? A daughter who participates in gymnastics or ballet or figure skating and has occasional stress fractures?

    If none of the above, and you only want to make sure you don't go bankrupt if you get hit by a bus, you might want to consider a cheap private policy. If any one or more of the above, you're probably better off with COBRA.

  3. #3
    Join Date
    Sep 2007
    Posts
    23

    Default Re: One month of COBRA or private health insurance

    pay the cobra charge. If you do so you are protected against a new policy having a pre-existing condition rider.

    Its worth it

    Eric

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