COBRA Health plan Advice for Individuals and Small Businesses

Re: Eligible for Cobra Premium Reduction

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Posted by Fred on February 18, 2010 at 07:01:24:

In Reply to: Eligible for Cobra Premium Reduction posted by rich on February 13, 2010 at 11:14:03:

Rich:

Sorry to say, those who are eligible for other group health coverage (such as a spouse's plan) or Medicare are not eligible for the premium reduction.

Fred

: I was just terminated on Feb 2, 2010. The employer has offered COBRA. I want to sign up for COBRA with the premium reduction of 65%. As I am 67, I did previously enroll in Medicare for just Part A. I never used Medicare. Am I eligible for getting the 65% premium reduction?
: As I find that if I wanted to take part in Medicare, I would need to sign up for the Part B, Part D and other Supplemental Coverage’s. However, I am told by Social Security that March 2010 is the first month I could be eligible for Part B, Part D and other Supplemental and I would need to make the declaration by February 28, 2010.
: As I result, without COBRA I would not have coverage for this current month of February 2010 and be financially responsible for medical visits I have had this month and or other medical visits I will have this month. The payment of the COBRA premium without the COBRA premium reduction is $500.00.
: Your advice is most appreciated.
:

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Subject: Re: Re: Eligible for Cobra Premium Reduction

Comments:
: Rich: : : Sorry to say, those who are eligible for other group health coverage (such as a spouse's plan) or Medicare are not eligible for the premium reduction. : : Fred : : : I was just terminated on Feb 2, 2010. The employer has offered COBRA. I want to sign up for COBRA with the premium reduction of 65%. As I am 67, I did previously enroll in Medicare for just Part A. I never used Medicare. Am I eligible for getting the 65% premium reduction? : : As I find that if I wanted to take part in Medicare, I would need to sign up for the Part B, Part D and other Supplemental Coverage’s. However, I am told by Social Security that March 2010 is the first month I could be eligible for Part B, Part D and other Supplemental and I would need to make the declaration by February 28, 2010. : : As I result, without COBRA I would not have coverage for this current month of February 2010 and be financially responsible for medical visits I have had this month and or other medical visits I will have this month. The payment of the COBRA premium without the COBRA premium reduction is $500.00. : : Your advice is most appreciated. : : :

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