Hope in COBRA skin

I think things are working themselves out well. The EX (company) is working diligently to have the coverage reinstated. The COBRA administrator is sending me my new packet and all seems to be going well.


I read an article today that I thought was interesting. According to kipligner.com; if you are a college student who is covered by your parents insurance until graduation or a specific age, and you have a pre-existing helth issue you can take advantage of COBRA to extend coverage. (see quote below)

The COBRA option. If your child has an existing health condition, your best option might be to take advantage of COBRA, the federal law that allows an adult child to remain on a parent's policy for up to 36 months.

Coverage your grad receives through an employer-based or individual health plan is usually more comprehensive than what your child would get with student health or short-term insurance, but it's also more expensive. With a COBRA policy, you have to pay both the employer's and employee's share of your group premium plus a 2% administrative fee. Still, COBRA can serve as a safety net while you look into other options. After a child is dropped from your policy, you'll have 60 days to decide if you want COBRA coverage. If a grad gets sick or is injured during that period, you can retroactively buy coverage to pay the bills. More Here about student health coverage and graduation.

What is a better gift than a brand new car? Maintaining good health! COBRA coverage would probably cost the same as a new car payment plus full coverage insurance, but good health is worth much more.