Health Insurance during H1B- Transfer


Employee99

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Hi Guys,

I am in special situation and need your suggestions or inputs.

My H1B transfer is initiated from Employer A to Employer B. My last date with Employer A is Feb 27th. I have group health insurance for Employer A and out of pocket expense annually is 4000 for family.

Employer B has health insurance option but that is expensive i.e 9000 out of pocket expense for family for the whole year and that insurance will take 30 days to take effect. I am choosing employer B because i have better offer.

Now that my wife has due date in March and I want to use my existing health insurance because I already paid deductible for the existing insurance and the insurance is very good.

I need your suggestions  based on the situation above.

1.Will I be able to use existing insurance and same benefits from Employer A even though I move to Employer B.

2. I heard of COBRA. But it seems it takes 30 days to activate it. But in the meanwhile do I have to pay out of pocket for the hospital expenses? I am afraid because expenses will be lot.

3. Will I be able to add my baby to COBRA plan and does the insurance covers babies expenses as well?

4. Can i take any individual family health insurance meanwhile which can cover the hosptial expenses ? If so which insurance do you prefer?

Thanks in advance!  Please provide your suggestions.


 

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Thanks Joe! sounds like a good news to me.

 

But do i have to pay any out of pocket till the cobra is activated ?

 

Will I be able to add my baby to COBRA plan and does the insurance covers babies expenses as well?

 

Thanks!

Out of pocket cost should be same as group health insurance for Employer A . Make sure COBRA coverage starts after your last day at A (technically at MIDNIGHT). It should transfer to COBRA coverage without gap.

You can add dependents  as it is the same policy that you had when you were employee. Only difference is that you are paying your share and employers share of premium under COBRA plan.

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