Join Early Retirement Today
Thread Tools Search this Thread Display Modes
very sad news
Old 05-18-2006, 07:06 AM   #1
Full time employment: Posting here.
tangomonster's Avatar
Join Date: Mar 2006
Posts: 757
very sad news

I posted on Monday that we were going to get the ball rolling for ER, handing it in the paperwork to DH's employer
for his conversion health insurance. All the employer ahd to do was sign it to say that he would no longer be getting insurance through them as of June 30th. HR said they ahd never signed such a thing and called up corporate headquarters to see how to handle it. Corporate HR isn't sure how to handle it and thinks that first he would need to go to COBRA before converting (even though the insurance company---United---told him that he could convert without going through COBRA and sent us the paperwork.

We are scared to go the COBRA route because if for some reason we didn't get a conversion policy, DH would not qualify for any other insuarnce (considered uninsurable, even though his health is actually very good---just a few doctor's visits a year and some meds. We can't live with the risk of him having no insurance from age 53 to 65 when (and if) Medicare kicks in.

Our next chance is in 5 yeasr when he is 57 and has been with his company for 15 years. At that point, he can be get the company's insurance (just paying 100% of the premium). This would be better and cheaper coverage than the conversion policy, but it will require 5 more years...

To say that we're despondent over this turn of events is an understatement!

Any comments/suggestions from Martha or anyone else?

So---it looks like we (or at least DH) will
“It is not a sign of good health to be well adjusted to a sick society”.------Krishnamurti
tangomonster is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: very sad news
Old 05-18-2006, 08:11 AM   #2
Moderator Emeritus
Martha's Avatar
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
Re: very sad news

In Georgia, it looks like* after using COBRA you are either entitled to a conversion policy and if one isn't available, the state provides a mechanism for you to buy a different policy.* According to Pilzer's online guide, he says for Georgia:
HIPAA-eligible individuals: Applicants must elect and exhaust available COBRA coverage. If the applicant is coming off a self-insured plan, the state assigns a private insurer to provide individual health insurance. If the applicant is coming off an employer plan provided by an insurance company, the insurer is required to convert coverage to an individual policy.

However, it seems like you just have to get your insurance company and your husband's employer to communicate.* Any way to get both the insurer and your HR person on a conference call together to figure this out?* If the insurance company doesn't require using COBRA, the company shouldn't care one way or another.* A resolution should be able to be reached.*

You should also read this site: and for more information, contact the Georgia Insurance Department Consumer Services Division at 1-800-656-2298 or (404) 656-2070.

pm me if you want to talk more.

No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
$100,000 and other good news SLC Tortfeasor Young Dreamers 63 06-12-2010 09:47 AM
Foreign Exchange rates next news topic? dex FIRE and Money 0 04-13-2007 08:28 AM
Where do you get reliable news? uncledrz Other topics 37 10-15-2006 01:13 PM
Nords! - We have good news and bad news!............ Cut-Throat Life after FIRE 16 09-13-2006 01:26 PM
Sad News Mountain_Mike Other topics 9 05-18-2005 04:01 PM

» Quick Links

All times are GMT -6. The time now is 05:39 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.