First, do some research on the cost of self-insurance and ask insurer particularly EXACTLY how the claim process works. Get very straight on this. Sometimes it's possible to join a plan with others in the same boat, which makes it cheaper. Not everyone has access the excessive extended benefits available to new blue ruling (for as long it lasts, anyway). So shop around for a basic plan. Once you know how much it would cost you to obtain coverage, you'll be able to assess the situation. Frankly, it sounds like your company is going down, so job hunting is probably a very good idea whatever the insurance cost. Start asking some questions about the company's solvency to ensure you are not already working for nothing. Remember that employees are but unsecured creditors - the bottom of the heap - if/when company goes bust.
· 8 years ago