My company is being sold to an investment group and we do not know the future of the health insurance. What are my options?

Sophie:

It's hard to determine what the future holds for the employer sponsored health insurance. You did not mention bankruptcy, so it's doubtful the company is being dissolved, however in some circumstances, a company can be bought, and then sold into parts.

It depends on the sales contract and if the company is private, it's doubtful you will have access to that info.

If you want to take out the guesswork, you can shop private health insurance rates from the green box at the top. Then once you are approved (don't do this until open enrollment, if the health plan makes it that far) unenroll.

Only attempt this for yourself or healthy members of your family.

Same thing here, cept we did not have advanced notice.

We showed up one day and the plant was closed. it sucked. But I got my own plan and become.independent, now.I call the shots.

Amylu:

Great and you can also get your own medical insurance plan via the green box at the top.

Sophie:

I can tell you the future may be bleak. They will either sell of the parts. Or lay off all the older more expensive and experianced workers. The new owners are buying the company to make money and the fastest was to cut costs is to eliminate their expensive labor.

So if you are lucky to have their plan continue, take COBRA and get out of there.