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Macy’s to Furlough 100k Employees

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31–40 of 98 posts

Re: Macy’s to Furlough 100k Employees

#31

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

You can use COBRA no matter the reason why you left your employer

Re: Macy’s to Furlough 100k Employees

#32

Earlier quoted context omitted.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

There's nothing discounted about COBRA. It's expensive as heck.

COBRA in California for a single, young male for me was $600-$800/month.

A lease on a fuckin' Range Rover.

Re: Macy’s to Furlough 100k Employees

#33

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

I pay $300 per month for health insurance and my company pays $700. If I lost my job I would have to pay it all.

Re: Macy’s to Furlough 100k Employees

#34

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

COBRA is temporary (for 18-36 months depending on the situation), and you need to not only pay what you have been paying, but you also need to pay the "employer's share". And it must be identical to the plan you left, so you can't reduce coverage or change anything at all about the plan or you'll lose eligibility.

That means people who quit or are laid off will end up having to pay more for their healthcare at a time when they don't have any income.

COBRA also has a lot of hidden "gotchas", like for example if the employer you left stops maintaining any health plan, your COBRA plan can also be terminated. (This means if the company shuts down, all past employees lose any ability to use COBRA. And this can happen even after you leave and are already on COBRA)

Also if you fail to pay the premiums for any reason, your plan can be terminated, and even worse you won't be allowed to sign up for a new plan via the Marketplace until the open enrollment period.

Re: Macy’s to Furlough 100k Employees

#35

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

COBRA is horribly expensive though.

Re: Macy’s to Furlough 100k Employees

#36

Earlier quoted context omitted.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

You can use COBRA no matter the reason why you left your employer

[deleted]

Re: Macy’s to Furlough 100k Employees

#37

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

COBRA is so intractably expensive that the only responsible thing to do is assume COBRA doesn’t exist and base policies and assistance around that reality.

Any analysis / estimate / policy that starts from any assumption of the existence or usage of COBRA is therefore so unrealistic and inaccurate as to be completely ignored.

Re: Macy’s to Furlough 100k Employees

#38
post #11

Earlier quoted context omitted.

What does "typically" meant in this context? Are there cases where Furloughed would not be counted as unemployment?

Not every state provides UC for furlough. My understanding is that the majority of employees are in states that do, though.

Thanks. For those of us living outside the State, it increasingly looks more like ( to us ) US is like EU where every member state is a country of its own.

Re: Macy’s to Furlough 100k Employees

#39

At least they can stay on their health insurance. It’s always mind boggling that in the US you will not just lose your job when you get laid off but also your health insurance. For a lot of people this is life threatening.

Man, it sure would be great if we could decouple health insurance from employment like other reasonable countries. It would be a shame to literally have your existence threatened by absurd factors well outside of your control (like your employer unable to meet payroll due to a global pandemic).

More small/medium sized businesses should be on board with this too. No one likes dealing with insurance companies/plans.

Re: Macy’s to Furlough 100k Employees

#40
post #29

Earlier quoted context omitted.

Only if you are fired or quit. If you are laid off, you have the option to continue your insurance at your employers discounted rate. The program is called COBRA if you want to look into it.

Haha "discounted." Have you ever looked at the prices for COBRA? Cool, you just lost your job, here's a $1500/mo option.

it's still technically discounted as those are group rates. Without it the same plan would cost even more for individuals.
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