In today's labor market, it is much more common for people to move in and out of the labor market.
Whether it is a stint at self-employment, a change to a new job, or perhaps going with a company on a 1099 basis, the impact on health insurance both coming off and going back on group coverage should be considered.
First, you will typically have a Cobra option in California which allows you to continue your group plan for a minimum of 18 months and in some cases, 36 months through a Cal-Cobra extension. After exhausting Cobra, you may also have a HIPAA guaranteed issue option.
These are back up options ideally. If you are healthy, you can also investigate the Individual Family health insurance market in California. Individual family insurance is medically underwritten which means you need to qualify based on health.
You can cancel month to month with individual health insurance. Individual family coverage will likely be the most cost-effective option since you are paying the monthly premium yourself.
The issue comes when a person is on individual health insurance and they are offered Small Group health insurance benefits with a new group.
How likely is the job (and health insurance) to be permanent or long term?
If you are not sure how the job will work out, it might make sense to keep your individual plan for a period of time to see if the company works well for you.
If you get into a company and three months
later, decide to leave, you are still in the
same situation above if your individual plan was
Is the new company likely to continue?
We would recommend being cautious with a new start-up company as well. If a company shuts down or cancels their Group health insurance plan, the Cobra option disappears with it. Cobra is, after all, continuation of the group health plan so no group plan...no Cobra.
Choice of carriers and networks.
A new company may only have Kaiser or some California health carrier that does not contract with your long-term doctor. Also, the company may change health plans (and/or carriers) at a later date.
This would force you to use the network
available or pay significantly more out of
Again, if a new employer is offering group health insurance, it usually makes sense to go that route.
Just make sure to consider the above points as some people are caught un-prepared for situations resulting from canceling individual coverage for a new group plan.
Again, there is absolutely no cost to you for our services. Call 800-320-6269 Today!
YOU MAY STILL BE
ABLE TO ENROLL
In just 15 minutes:
With Existing Account
We can help you:
If Your Income
Is In This Range
Current Years Estimate; All those that file together on one 1040:
|Single Person:||$16k - $47k|
|2 People||$22k - $64k|
|3 People||$27k - $80k|
|4 People||$33k - $97k|
"My sincere thanks for making a miracle happen- 2014 health insurance !! Many thanks for your expertise and advice yesterday !!"
"Thanks again for your help - I had absolutely no idea how to get this done when I got up this morning. You've made it remarkably easier than I expected. I hope you're not stuck at the office all night..."
"Anyway, I hope you got some time off this past week! Thank you again for your help and efforts on my behalf! I was very lucky to find you."
"I thank you very much for the time that you have invested in handling everything
"I truly appreciate the quick response and will think of you in the future if I need to make any changes to my insurance plans."
"You are awesome... takes a huge worry off my back, thank you for your kind. thanks for your time and kindness. !!"
"Wow, I can't thank you guys enough for your help...I couldn't imagine trying to tackle this on my own!"
"You are my new best friend. A HUGE thank you again.
20 years of experience in the California health insurance market has taught us one thing...Competent and experienced guidance is Invaluable
We can quickly (very important) size up your health insurance needs and clearly explain the options available to you. Our focus is finding the most coverage at the best cost to you.
We are licensed Covered Ca agents with in-depth knowledge of their plans, process, and tax credits.
Call us...you will be Pleasantly Surprised. 800-320-6269
We'll quickly see if you have the best priced plan available and if you qualify for a tax credit800-320-6269
This website is owned and operated by Goodacre Insurance Services, which is solely responsible for its content. This site is not maintained by or associated with Covered California, and Covered California bears no responsibility for its content. The email address and phone numbers that appear throughout the site belong to Goodacre Insurance Services, and cannot be used to contact Covered California.