Faith and Finance

www.MedicareMadeClear.com – Are your prescription drug costs covered? For Medicare recipients, this is where Part D plans can help. Whether by itself or part of a Medicare Advantage plan most Medicare recipients need Part D plans to help reduce out-of-pocket drug expenses. Y0066_101101_095633 File & Use 11062010
Video Rating: 4 / 5

Question by : Can I opt out of an employer’s health insurance coverage if they stop paying their share of it?
In January, my employer is making me pay for 100% of my health insurance. They also dropped vision and dental. I am one of the only young people in the firm, and I don’t want to be forced to pay a higher premium for reduced coverage. I quoted the most comprehensive plan I could find for me as an individual (including vision/dental), and it’s $ 200 less a month. Can I drop the firm’s insurance and just get my own?

Best answer:

Answer by Andrew
It really depends on what your contract stated. Some companies force you to stay with their benefits and coverage for a year, and you cannot drop that until the enrollment comes around.

What do you think? Answer below!