I am 46 and I have always carried my own health insurance. I have seen the COBRA nightmares when people lose or leave a job and I never wanted to have that premium over my head. I am insured for parent & child and have a pretty low monthly premium.
I work at a small office of 5. Of our employees only one - the boss- is on our insurance. I have private insurance, one person is not eligible and the other two are on spouse or parent insurance.
My boss and his spouse have heavy medication bills and need the level of insurance offered by the office. However, with only one person on the plan the business doesn't meet the minimum to qualify for the insurance.
My boss' solution is to have me come on to the office plan, which means I would have to give up my personal insurance. If I don't it would mean that he and his spouse would lose their coverage. But, if I do, it means that if I lose or leave my job, at 46 or older I would have to re-qualify for health insurance at a much higher rate and my son would not be covered.
He has not made it a secret that he expects me to do this and although I need my job I hate to sacrifice my and my sons, long-term healthcare and financial security to save he and his spouse. They are not my responsibility.
One solution I suggested is that I take the office insurance as a secondary, but he says that would not work. I don't know what to do.
Please let me know if you have any ideas how I can deal with this.
Thanks,
ImImportant