I have be on cobra since i was let go from my last duty and it is 850.00 per month and i have to reward it monthly, my new insurance starts 5/18/2008 so i call the insurance company to see if that last month would be pro-rated and they said i have to pay for the unharmed month! Is this right? Why would i want to carry 2 inurances...i could salvage 400 dollars.
Answers: COBRA is a continuation of the group plan and will operate the same as the group plan. It depends on how the plan be set up. If the group allows cancellation mid-month afterwards COBRA will also, if the group doesn't allow cancellation mid-month neither will COBRA. There is nil you can do about it save for cancel May 1 and run without until your strange plan starts.
Yes, you pay for the unharmed month, but as soon as you have proof of the topical coverage, you write and request cancellation influential 05/18/08 and send proof of investigational coverage, and they'll THEN cancel the policy and prorate the return.
Answers: COBRA is a continuation of the group plan and will operate the same as the group plan. It depends on how the plan be set up. If the group allows cancellation mid-month afterwards COBRA will also, if the group doesn't allow cancellation mid-month neither will COBRA. There is nil you can do about it save for cancel May 1 and run without until your strange plan starts.
Yes, you pay for the unharmed month, but as soon as you have proof of the topical coverage, you write and request cancellation influential 05/18/08 and send proof of investigational coverage, and they'll THEN cancel the policy and prorate the return.