10/13 Let's say that I work at company X, and it offers excellent health
plan for my family. My son is weak and requires a lot of
medical attention, and without company X's health insurance, we
would not survive. Now, if I switch to company Y, how does the
transfer of insurance work?
\_ It doesn't. The insurance from company X expires. YOu need to
use insurance from company Y to pay your son's future medical
expenses.
\_ Learn about COBRA.
\_ COBRA doesn't last forever. This guy needs a stable
corporate job with a suit where no one gets fired and
no one goes out of business.
\_ cobra will be available at X's cost plus a tiny amount for
18 months, in general. |