Ask An Insurance Pro - Question and Answers
Answers to your Insurance Questions - Ask Your Question
Health Insurance Question from Hogtown, Indiana
Answer given on June 29, 2010 by TH
If your employer switched carriers, it is highly likley that the deductibles didn't carry over. This is a common occurance, but there are exceptions to the situation. Typicallly, renewal periods occur for a given company can be on the first or fifteenth of any month of the year. This is when your deductibles start over. If your ex-employer switched carriers outside of the renewal date, it's entirely possible that you will have to start over again on your deductible. Sometimes the plans will provide credits, but you would have to talk to your company administrator or their new insurance company to see if that's something they arranged for during the changeover. Again, don't get your hopes up. Providing credits for another carrier's deductible is not the norm.
Without having any other details as to your plan and company's program, I can only assume that you are part of a group with 20 or more employees, and your employer pays the majority of the employee's premiums, etc., in other words, a typical group plan.
Also, you may have a different deductible now than before, so if it's higher than what you had previously, be ready for that, too.
I'm not sure how your situation started, but I can also assume that you were on LTD and then lost your job, which triggered your rights to COBRA.
NOTE: The IMPORTANT NOTICE below is a part of this answer!
|« Return to Question List||View More Indiana Questions »|
|« View More Health Insurance Questions||View More Indiana Health Questions »|
I just got laid off and my insurance broker told me that I should buy individual coverage as soon as...
My husband had me on his group plan and just died. Help!
How Much Insurance Is Enough?
Im collecting disability and my COBRA is running out. How can I get health insurance?