Premiums are not paid on a timely basis. The employer ceases to maintain any group health plan. The employer goes out of business. You obtain coverage through another employer group health plan that does not contain any exclusion or limitation with respect to pre-existing conditions of a beneficiary. A beneficiary is entitled to Medicare benefits.
Cost is another major factor.
And don't forget to add as much as 2 percent on top of that for the administrative fees. For disabled beneficiaries who receive an additional 11 months of coverage after the initial 18 months, the premium for those extra months may be increased up to 150 percent of the plan's total cost of coverage. And keep in mind that you can take a tax deduction if your medical and dental expenses exceed 7.5 percent of your adjusted gross income. You'll be responsible for paying the full amount, plus an administrative fee of up to 2 percent. You'll have to weigh your ability, and desire, to pay the extra expenses against your and your family's need for health coverage and the financial dangers of going without it.