Okay Kids. So the feds want to keep you in Health Insurance. COBRA normally lasts 18 months. The new subsidy is 65% of the premium. IE, if the COBRA premium is $100, you pay $45 per month.
Until the 10th month, then you go to $100.
Now, Blue Shield uses the Vital Shield 2900 plan as a low cost example. The reason it's so low cost is because the plan is a stripped down Hospital plan. (Any thing done outside a hospital, THAT YOU'VE BEEN ADMITTED TO, doesn't go against your deductible and co-insurance.)
It's cheap because it's cheap.
Now Vital Shield is a good option for catastrophic coverage, especially if money is tight. Just be aware of the holes in the plan.
As to the Fed 65% program. I say milk it, but realize when it ends, it ends. You'll either need another job with Health Insurance, or you buy your own Health Insurance plan, or you pay the full premium for another 9 months.
Again, it's all about controlling YOUR health insurance.
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