Re: COBRA/Bankruptcy question

[Guest guest]

I hate to be the bearer of not so good news, but if there is no company,

there is no COBRA. I am not sure at which point of the bankruptcy it becomes

official. Most likely there is a provision in your policy to convert to an

individual policy. The cost may be 2 or 3 times that of COBRA, but if you

only need to do it for a month or two to get a date, you may want to check

into it.

I will pray for you!

in IL

Dr.

Lap DS 2/28/01

-37 pounds as of 4/12

In a message dated 4/20/2001 6:20:27 AM Central Daylight Time,

anagileadder@... writes:

<< My dh was layed off last month and we are(were?) slated to start on

cobra insurance at the end of this month. His company has just

announced it is in bankruptcy. Does anyone know how this affects

cobra insurance? Thanks for any help. (mild panic setting in.....) >>

[Guest guest]

I hate to be the bearer of not so good news, but if there is no company,

there is no COBRA. I am not sure at which point of the bankruptcy it becomes

official. Most likely there is a provision in your policy to convert to an

individual policy. The cost may be 2 or 3 times that of COBRA, but if you

only need to do it for a month or two to get a date, you may want to check

into it.

I will pray for you!

in IL

Dr.

Lap DS 2/28/01

-37 pounds as of 4/12

In a message dated 4/20/2001 6:20:27 AM Central Daylight Time,

anagileadder@... writes:

<< My dh was layed off last month and we are(were?) slated to start on

cobra insurance at the end of this month. His company has just

announced it is in bankruptcy. Does anyone know how this affects

cobra insurance? Thanks for any help. (mild panic setting in.....) >>

[Guest guest]

is correct in this...unfortunately...I'm a COBRA " specialist " , and it's

true...bankruptcy, policy gone !

jim

[Guest guest]

turn your anxieties over to a higher power. It will work out!