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 agoRelated Solutions
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