Health insurance/prescription plan question

[JenBKR]

Thanks for the ideas guys!

i sort of posted before I knew everything that's going to happen. Dad is 57 and planning to go out on his own, basically doing the same thing he was (he was in sales). He is getting severance pay, one week of pay for every year he has been at the company (32 years). He will still have his insurance until the end of April, then it will continue throughout the rest of those 32 weeks with him paying 22%. I don't know if that is considered COBRA - I don't really know anything about any of this. Through the company he gets to meet with someone who will help him with things like his resume - might be like what you do ES? I'm not entirely sure, but it might be the same thing. I will tell him to ask her about insurance, maybe she can help. Thank you for the info about COBRA, it's great that the government is helping to pay for that. I will let him know and PM you if I have any other questions about it.

I guess my main concern about the whole thing is really one of my mom's prescriptions. She can't take the generic, and it's expensive. With insurance she pays about $100/month I think. I didn't know that AARP had insurance plans, I will definitely look into that.

Sorry this is so long, and thanks for the replies everyone. I have heard about so many layoffs lately, it's really scary.

[Edwina's Secretary]

Through the company he gets to meet with someone who will help him with things like his resume - might be like what you do ES? I'm not entirely sure, but it might be the same thing. I will tell him to ask her about insurance, maybe she can help. Thank you for the info about COBRA, it's great that the government is helping to pay for that. I will let him know and PM you if I have any other questions about it.

It sounds like your dad's company is doing some good things for the people they have to let go. Despite how heartless many companies seem -- it is people doing it -- most of whom know it could be them next.

What they are offering him is outplacement. Help with his resume and planning what to do next usually. It is a very good thing and he should take advantage of it. They may also be able to offer some insurance information. If not, the HR department should. Be sure and tell him to ask about the stimulus package assistance and if it applies to him. They will not be able to advise him but they should be able to give him information to help him make the best decision.

[smokey the elder]

She might want to contact the manufacturer of the medicine. Many pharma companies have PPAs (prescription plan assistance) where they can provide drugs at a discount for those who need them.