Question

In: Accounting

Which of the following is true if Haley closes her CPA practice to join a large...

Which of the following is true if Haley closes her CPA practice to join a large consulting company this year?
a. Because she will be changing jobs, she will no longer be covered under her current health insurance plan; instead, she will need to continue coverage using COBRA provisions until she become eligible for coverage with the consulting company.
b. She can remain on John’s health insurance policy until she is eligible for benefits under her new employer’s insurance plan.
c. Because of her good health status, if she were to drop off of John’s health insurance plan and move to a policy offered by the consulting company, John’s health insurance premiums will increase.
d. Both a and c are correct.

Solutions

Expert Solution

D. Both A and C are correct.

Because even if HALEY closes her CPA program, John' premium will increase on changing the health insurance policy as her health status is well and fine. Further, on changing her job she needs to follow the COBRA guidelines to continue her coverage in the previous policy.

ekkarill92 answered 2 years ago
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