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Question
Mr. Blau,
My sister lost her job in November of 2012, and is still out of work.  She kept her health insurance via COBRA, but it is rather expensive since she's paying for it out of savings every month.
Since she has had no income, would she be eligible for government assistance (under the ACA) to help pay for her health insurance through COBRA?

Answer
Dear David:

Sorry to hear your sister lost her job.

First the ACA does not take effect till 1/1/2014 as of now. It that time she may get assistance for her health care costs.

If your sister is healthy she can apply to any insurance company for coverage and get off COBRA and save money.  If she has pre-existing conditions she should stay on COBRA.  The cost she is paying is the full cost that the company is paying for her coverage plus 2% to cover billing costs.  Her former company is not making any money on her.

Any more questions feel free to ask.

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Ronald Blau

Expertise

Questions concerning Life, Health, Diability,Long Term Care Insurance and Reitement Income. I specialize in the senior market and can also answer questions about Medicare. I am located in Arizona and have licences in 22 states. I am active in placement of all personal and business forms of insurance. I work with many different carriers in all types of insurance including Life, Health, Disability and Long Term Care as well as financial planning.

Experience

I am one of the leading producers of Long Term Care and Life Insurance in Arizona. I am also a member of the Million Dollar Round Table (MDRT). I work with seniors in the Life settlement market to get the most value for their Life Insurance policies that they no longer need.

Organizations
MDRT- Top of the Table

Education/Credentials
I am licensed in Arizona and 21 states and have a Health, Life Licenses along with Series 6, 63, 65,22 licenses.

Awards and Honors
MDRT (Million Dollar Round Table) Top of the Table

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