Sandie flackus Complaint - Shame on you Chase - Insurance coverage

Review by hetty on 2010-06-22
I worked for the Banks (Chase now) for 21 years. As a retiree I can get insurance. The first 18 months is cobra. That's for me 660.00 a month. After the 18 months it goes up to 1022.00. I asked what cobra was and I was told it is what the bank pays to the insurance company. So the increase goes to??? I asked the bank is making money on a retired person??? No one gave me an answer just said these are the fees. Well I have to have it. But shame on chase making money on the people who helped build the company.
Comments:3 Replies - Latest reply on 2010-11-13
Posted by FlShopper on 2010-06-22:
Cobra allows you to continue with your current insurance plan, but you have to pay the premiums yourself. The increase in 18 months may be something Chase is doing; covering a certain amount of your premium themselves for 18 months. Or the increase could be due to your age. Premiums do increase as you get older.
When will you be eligible for medicare?
Posted by Anonymous on 2010-06-22:
Look into your state's basic health insurance plans. Depending on your current income it could save you money and provide comparable coverage.
Posted by Xylie on 2010-11-13:
For $1800. a month,I'd put that in my own interest bearing account of some kind,and when and if you need it,you'll probably have enough to cover it.I mean that $21,000 a yr banked in "YOUR" name for "YOUR" emergencies.And like most say,cash talks and a lot of doctors,and dentists will discount for cash to not fight with the insurance co.And if it isn't enough,well you could still do a payment plan very easily.I wouldn't give it to them.That's way to high.

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