Survive Cobra Insurance The GAME

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COBRAhealth.com Be one of the 13% of former workers who survive COBRA Insurance! Don’t let your health insurance lapse for longer than 62 days. get into another group health plan without worrying about pre existing conditions. Keeping paying for COBRA while it increases in price (5-10%) every year and the benefits are cut. your old employer to give you options for your health insurance. Those include: Higher copays, higher deductibles, and higher premiums. Life Insurance coverage is not included under COBRA. Firing for theft is not a qualifying event, and could be considered gross misconduct. The employer and health plan administrator make choices every year regarding plan rules and options. In 2010, nearly 2/3rds of US Employers
Increased employee contributions. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that limits the ability of a new employer plan to exclude coverage for preexisting conditions. The national average COBRA premium is $500 per person and $1500 per family. When COBRA Insurance expires, convert to an individual health insurance policy, it might be much cheaper and there won’t be an expiration. Most enroll in COBRA, because of a chronic medical condition and can’t get private health insurance. Over 170 million Americans have 1 or more chronic medical conditions. So the majority of Americans can’t afford COBRA nor get private health insurance. Think of health insurance as a loan. You have to prove to the bank you don’t need the money. With health insurance, the health insurer decides if you are healthy enough not to need it.

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  • Surviving COBRA is not really a game, since the stakes for the chronically ill can be very high. And paying for COBRA often requires a sacrifice of something else.
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  • Survivor - Created by Lora O’Neill and Bridget S. 2/6/2006, email: [email_address] Music from freeplaymusic.com Adapted from template from TCEA 2002 How to setup the game: Use the outline tab to fill in your questions and answers. Print out 6 copies of the Immunity Idol or roll paper into a diploma. How to use the game: Questions will appear in order. They can give you an answer. Click on answer to display the correct answer. When you’ve given the appropriate points, click Back to the board to choose another question. The question you were just on should be gone now. If they get the question correct, they get the point and a chance at the bonus. Click on challenge to give them the bonus question. If they get the question wrong, click on question and it’ll skip to the next question. Teams: You could have teams write down the answers so everyone gets to answer all the questions. Then those who got the question wrong would put their white boards down while the other teams can answer the challenges.
  • Survive Cobra Insurance The GAME

    1. 1. COBRA Insurance Survivor? Are You A by Craig J. Casey COBRAhealth.com
    2. 2. Immunity As long as you don’t let your health insurance lapse for longer than 62 days, you can use your immunity to get into another group health plan without worrying about pre existing conditions COBRAhealth.com
    3. 3. Challenges Keep paying for COBRA while it increases in price (5-10%) every year and the benefits are cut. COBRAhealth.com
    4. 4. Challenge Bonus Points You depend on your old employer to give you options for your health insurance. Those include: Higher copays, higher deductibles, and higher premiums. COBRAhealth.com
    5. 5. The Final Challenge The secret final challenge will be revealed at the end of the game for additional points. Good Luck wannabe COBRA Insurance Survivors! COBRAhealth.com
    6. 6. Softball Question <ul><li>What type of coverage is not included under COBRA? </li></ul><ul><li>Dental & Vision </li></ul><ul><li>Life Insurance </li></ul><ul><li>Outpatient Hospital </li></ul><ul><li>Prescription drugs </li></ul>COBRAhealth.com
    7. 7. Softball Answer: B. Life Insurance Just wanted to make you feel good! COBRAhealth.com
    8. 8. No COBRA <ul><li>What is not a Qualifying Event: </li></ul><ul><li>Reduction in hours </li></ul><ul><li>Divorce or L egal S eparation </li></ul><ul><li>Entitlement to Medicare </li></ul><ul><li>Firing for theft </li></ul>COBRAhealth.com
    9. 9. No COBRA Answer D. Firing for theft is not a qualifying event, and could be considered gross misconduct. It also looks bad on a resume, and probably ends ones hope for unemployment. COBRAhealth.com
    10. 10. Admin Question Who decides on the election, notification and type of coverage options for COBRA? . COBRAhealth.com
    11. 11. Admin Answer The employer and health plan administrator make choices every year regarding plan rules and options. COBRAhealth.com
    12. 12. Employer Question <ul><li>In 2010, nearly 2/3rds of US Employers: </li></ul><ul><li>Increased employee contributions </li></ul><ul><li>Lowered health insurance costs </li></ul><ul><li>Handed out raises </li></ul><ul><li>Gave longer paid vacations </li></ul>COBRAhealth.com
    13. 13. <ul><li>In 2010, nearly 2/3rds of US Employers: </li></ul><ul><li>Increased employee contributions </li></ul>Employer Answer COBRAhealth.com
    14. 14. HIPAA Question <ul><li>We explained how you can have “immunity” by not having a break in health insurance coverage over 62 days. Is that called: </li></ul><ul><li>Exchangeability </li></ul><ul><li>Portability </li></ul><ul><li>Preexisting exclusion </li></ul>COBRAhealth.com
    15. 15. HIPAA Answer B. Portability. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that limits the ability of a new employer plan to exclude coverage for preexisting conditions. COBRAhealth.com
    16. 16. Budget Question <ul><li>You want to pay for COBRA and keep your health insurance coverage. What do you cut? </li></ul><ul><li>Food </li></ul><ul><li>Rent </li></ul><ul><li>Discretionary items like gas </li></ul><ul><li>Wants like Caviar </li></ul><ul><li>A & B </li></ul>COBRAhealth.com
    17. 17. E. A & B! The national average COBRA premium is $500 per person and $1500 per family. Average unemployment is $1080 per month. So carpooling and caviar won’t come close to meeting the $420 shortfall. Budget Answer COBRAhealth.com
    18. 18. Expiration Question <ul><li>What do you do when COBRA Insurance expires ? </li></ul><ul><li>Plead with admin for mercy </li></ul><ul><li>Ask the insurer to convert </li></ul><ul><li>Call HIPAA </li></ul><ul><li>Buy Food </li></ul>
    19. 19. Expiration Answer When COBRA Insurance expires, you can afford food again! But the best answer is probably B. Convert to an individual health insurance policy, it might be much cheaper and there won’t be an expiration. COBRAhealth.com
    20. 20. Secret final challenge <ul><li>Why would you enroll in COBRA? </li></ul><ul><li>You like your doctor </li></ul><ul><li>Have a chronic medical condition </li></ul><ul><li>Are into financial pain </li></ul><ul><li>Don’t want to shop around </li></ul>COBRAhealth.com
    21. 21. Secret final answer Since only about 13% of eligible participants actually enroll in COBRA, it’s usually B. those who have a chronic medical condition and can’t get private health insurance. COBRAhealth.com
    22. 22. Secret final answer But over 170 million Americans have 1 or more chronic medical conditions. So the majority of Americans can’t afford COBRA nor get private health insurance. COBRAhealth.com
    23. 23. Congratulations! You have survived COBRA Insurance! At least this challenge. Paying for it is another story! Which is my last tip… COBRAhealth.com
    24. 24. Like a Loan Think of health insurance as a loan. You have to prove to the bank you don’t need the money. With health insurance, the health insurer decides if you are healthy enough not to need it. COBRAhealth.com
    25. 25. Shop smart Get multiple health quotes with different types of coverage. COBRAhealth.com
    26. 26. Deductibles Most people can only afford high deductible plans now. $1000 and $2500 are popular options, but higher limits will be limited in the future via Obamacare. COBRAhealth.com
    27. 27. Not healthy? There are several government programs you might qualify for including: - Medicaid - Pre Existing Condition Fund - State High Risk Pool COBRAhealth.com
    28. 28. Created by: Craig J. Casey I was a former health insurance agent who founded COBRAhealth.com to help people between jobs. Now I am a financial writer, blogger, dad, wrestling coach, chef, dishwasher and husband. COBRAhealth.com
    29. 29. Contact Me: Twitter.com/InsuranceCobra Facebook.com/Cobrainsurance Youtube.com/COBRAinsurance [email_address]

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