Originally Posted by Florida
I was reading the article in Jan 2008 Consumers Report which advised against limited benefit plans.
My knowledge regarding one such plan is that it is a group policy, no medical underwriting required and limits to 5 doctor visits, $200 annual in prescriptions and maybe $10,000 maximum payout for everything.
Not a very good plan but I was interested in finding out if one participated in a plan like this then was offered cobra for 18 months would he be hippa eligible for his states hippa plans at the end of cobra?
Or would a full hippa plan not be offered since it was a limited group plan to begin with?
Seems to me that a exhausting cobra benefits from any group plan would make one hippa eligible but I would not know where to go to confirm this.
This limited plan may make sense for someone who hopes to become hippa eligible 18 months from now.
Where is the COBRA coming from? That's an employer sponsored benefit when the employer provides group coverage. If you don't have a employer sponsored group plan, you won't be eligible for COBRA.
Now, if what you want to do is establish health care coverage because you want to avoid a pre-existing condition wait period, as provided by the portability provisions of HIPAA, then, buying a limited benefit plan (or catastrophic plan) would meet the need of being able to switch carriers at a later date.