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company sale

If your former company goes BK

company sale

Postby patti n joe » Sat Apr 16, 2011 10:29 pm

My company is going through an asset sale or so we were told so how would that effect the health insurance plan? It is very comprehensive and I would like to continue it.
patti n joe
 

Re: company sale

Postby roll with it » Sun Apr 17, 2011 4:46 pm

Don't just look at the sale pay attention to the health plan and if they continue it. If you are sold to someone that wants to keep the health plan in place you might have a chance.
roll with it
 

Re: company sale

Postby FredSneed » Wed Apr 20, 2011 6:44 am

P&J:

You won't know if the company continues your plan until the sale is done or your employer informs you. Then they will notice you if the company is sold, but the health plan survives.
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Re: company sale

Postby coachm » Tue May 03, 2011 10:18 pm

From the DOL:

"If, however, your employer discontinues all its health plans, COBRA continuation coverage will not be available. You will have to seek other coverage. Other coverage may be available by converting your employer's group health coverage to an individual policy. As mentioned above, you may also have rights to special enrollment in a spouse's employer's plan, or by being an "eligible individual" who is guaranteed access to individual insurance. The opportunity to buy an individual insurance policy is the same whether the individual is laid off, is fired, or quits his or her job. "
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Re: company sale

Postby John Stengel » Tue May 10, 2011 2:35 am

In China, that's where everything is going. I wonder what the chinese are doing for healthcare? We can't afford it here. And there's a billion of them. Talk about crisis.
John Stengel
 

Re: company sale

Postby Mbren » Mon Dec 05, 2011 5:35 pm

The crisis was caused by the Republicans have blocked everything the Democrats of trying to push through. In fact they have impeded healthcare reform for decades. The liberal society is a caring society. Unlike RW big business.
The future is now!
Embrace technology for cost-cutting.
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Re: company sale

Postby NewElvis » Wed Dec 21, 2011 1:10 am

it depends on what assets? Are the employees contracts included? It will depend on if the new owner of the assets keep the health plan in place.
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