So, when I RE'd, I went out and found a health plan as an individual. Details of the plan aren't important, but I maintained coverage and shifted from an employer/group plan to my own plan with one of the big 5 insurers. I avoided COBRA so I wouldn't have any "big issues" pop up during COBRA that would cause me to not get individual coverage or have exorbitant rates.
I now have the opportunity to do some w*rk that would be fun. I am being offered the opportunity once again to be on a group plan. Again, details of the plans (deductibles, costs, etc.) don't matter, I can figure that part out.
The part I don't understand and need some help with is the broader implications.
- Now that I have individual coverage, is it better for me to keep this coverage so that when I no longer have access to the group plan I don't have to re-apply for coverage, which may change my rates/categorization significantly?
- If I keep the individual coverage, is it better in the long run from a pre-existing condition perspective?
- Any other input on pros/cons of staying on individual plan vs. group plan?
Thanks for the help...