Source: http://www.thriftyfun.com/tf64445429.tip.html

Catastrophic Health Insurance vs. Cobra

After my daughter's husband lost his job, the company wanted almost $1500 to COBRA his health plan for her husband and herself. After doing some research, they learned that they could save a tremendous amount of money by purchasing a catastrophic health insurance plan with a HSA. It had a $2500 family deductible with no coinsurance after the deductible was met. Additionally, they contracted with a concierge physician and have 24/365 unlimited access to impeccable care. The guy even makes house calls!

In total, they now spend about $700 per month for their family to have top-notch care. The concierge MD has saved us thousands more by providing us with free samples, substantially reduced lab costs, and intervening on a weekend when a bad case of the croup would have normally landed her in the ER with a $1,000 bill.

This is certainly worth looking into.

Source: My daughter

By Bobbie from TX

Feedback About This Post:

RE: Catastrophic Health Insurance vs. Cobra

Recession-related job losses are threatening health coverage for many families. To help workers maintain their health coverage while they are between jobs, the American Recovery and Reinvestment Act (ARRA) provides a 65% reduction in the premiums payable by involuntarily terminated workers and their families for health care continuation coverage under COBRA. This premium reduction will last for up to 9 months.

basically- you paid 35% and your old company will paid 65% of the premium for up to 9 months.

all the details-
http://edlabor.house.gov/blog/2009/02/health-coverage-for-the-unempl.shtml

Post by freejs

RE: Catastrophic Health Insurance vs. Cobra

How did your daughter find all this info out ? I would be interested in learning more about it.

Thanks

Post by Scooterrhea

RE: Catastrophic Health Insurance vs. Cobra

What is a concierge physician and how did you locate him?

Post by cookwie

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