Should we do COBRA? : personalfinance

by akoloy

My husband misplaced his job just lately, and I’m making an attempt to determine whether or not it is smart to do COBRA or purchase our personal plan. I’ve been a SAHM for some time, so he was our solely supply of insurance coverage sadly.

COBRA prices $1,800/month. It’s a PPO plan and pays for many issues with smallish copays.

A market EPO or HMO plan will value us $900/month (household plan – 2 adults of their early 30s and a 3 12 months previous). We’ll have a excessive deductible and no out of community advantages. My biggest concern is the restricted community of medical doctors although. We hardly ever see medical doctors besides routine verify ups. My concern is that if one thing horrible occurs and we get most cancers or a uncommon illness, and the perfect remedy is at a spot that does not take the EPO or HMO (I’ve checked out the web sites for Sloan Kettering and MD Anderson, for instance, they usually do not take {the marketplace} plans). Am I appropriate in assuming that the EPO or HMO would not pay on this case and we might be out of luck? Do hospitals work with you if you do not have insurance coverage protection there?

We aren’t eligible for any medical health insurance subsidies.

What I’d actually like is a really excessive deductible PPO plan with out of community advantages and an affordable month-to-month premium, however I can not seem to discover that. Any concepts the place I ought to search for this?

Financially, we’re fairly good for some time. The further $900/month for the PPO plan is not going to make or break us, however I hate to only throw the cash away.

Thank you in your opinions.

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