In the US, if you lose your job because of Covid19 do you continue to have healthcare coverage? I.e. I’m assuming that coverage was through your employer. How does that work?
it depends on each employer. Some who laid people off kept their benefits for a certain amount of time. generally, if your laid off or terminated, benefits go with it.
Coverage can sometimes extend after termination. You can also probably pay to continue the coverage out of pocket after the fact. Some employers may immediately eject you out of the program. It will vary between different companies.
There are government programs like Medicaid that help those with low income afford certain things.
There is no straight answer.
Honestly most people in the US that have health insurance through their employee literally lose money versus a normal plan. They don't understand the simple math so their money just goes right out the window.Yikes. And I’m guessing if you pay it yourself it would be more expensive than through your employer?
But I'm getting tired of you constantly playing down everything the US is involved in. We get it, you think Canada is perfect. I think this quarantine is messing with your head.
Honestly most people in the US that have health insurance through their employee literally lose money versus a normal plan. They don't understand the simple math so their money just goes right out the window.
One of my close friends works at a national franchise and has health insurance, dental and optical. I've analyzed the number that he "saves" on both optical and dental as we were comparing our plans and coverage. The amount of money he pays back to his company to enroll in their plan doesn't balance out in his favor for both dental and optical. His teeth are incredibly bad, and his maximum out of pocket is an insanely large number, so much so that it doesn't make any sense for him to use their plan. He argues that being paid minimum wage is worth it because he gets access to optical and dental plans. He could be saving money by pursuing the plans on his own instead of through his company. I do not know anything about his health insurance situation with them, but he is healthy like me so I'd say it isn't relevant. My point is some people are too lazy and buy into the "don't work for x place because they don't offer benefits, it's better to make less per hour and get great benefits". Taking a higher hourly rate or salary can sometimes be a much better investment. However, Joe Schmoe isn't very intelligent so this point is largely escapes him.I’d like for you to elaborate on that statement.
Yikes. And I’m guessing if you pay it yourself it would be more expensive than through your employer?
You can continue your current coverage through Cobra insurance at the same cost your employer and you were paying plus 2%. But if your employer was paying part or all of your premium then you have to pay the entire amount plus the 2%.
I pay about $300 per month for a silver plan.
As far as I can see, the average monthly health insurance premium for an individual in the US is about $500 (Average Cost of Health Insurance (2020)). For a family it would be much higher of course. I’m assuming that if you lose your job because of the covid virus that unemployment insurance kicks in? So you do have some income coming in. Still, does it mean that many people will stop paying premiums and lose health insurance because they can no longer afford it if their only income becomes unemployment cheques?
Not sure where in the USA anyone can get Health insurance for $500 per month. I am paying over $800 per month for my wife on my work health insurance. Your link said the average monthly cost in my state is $537. I'd do backflips down the street if I could get health insurance for that price for just my wife. My company pays mine but I have to pay my wife's. I checked outside for a plan for her, she has no major health issues, and it would run over $1000 per month. You get penalized if you have insurance available through the workplace and you try to buy a plan on the open market no matter how bad it is. And ours is bad with a $5,000 deductible per person. And they don't cover any of the preventative stuff anymore like they used to. Our insurance pays nothing until that deductible is met.
And yes....I'm pretty sure most people would have to give up health insurance if all they had to live on was unemployment.
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