Topher_86 t1_iu9hkhz wrote
When did you stop working for your former employer? You usually have 60Days to elect cobra so you could wait for that window to come about to decide.
As for the new job you’re going to want to make sure you know the open enrollment dates. Not all insurance renews 1/1, you’ll have to talk with your new employer about this.
Jr712 OP t1_iu9izln wrote
I haven’t made the switch yet but I anticipate that if it happens it will likely be around Dec 1st.
I am familiar with the new employers benefits as I have friends who work there and know for a fact that their benefits renew on 1/1.
Topher_86 t1_iu9q5b8 wrote
In that case just ride the cobra election window, then.
Jr712 OP t1_iu9xfpz wrote
You still have to pay for it during that time right?
AmazingAtheist94 t1_iua3jo9 wrote
You only pay for it if you end up using it.
COBRA allows you to retroactively opt-in throughout the 60 day window; if you had a heart attack on the 59th day, you could decide you wanted to opt-in and you'd effectively be covered for those previous 58 days.
However, you will have to pay the premiums for that entire window to essentially bring your balance to current..and you're paying your AND the employer's cost, so it's a little pricey.
Jr712 OP t1_iuaflwv wrote
I see. Well there’s really no need to wait and see in my case. My child receives daily therapies which cost about $2k per week. It’s consistent and never ending. So we might as well immediately sign up for the Cobra.
1live4downvotes t1_iu9uvcp wrote
>As for the new job you’re going to want to make sure you know the open enrollment dates.
Does this really matter? Doesn't losing coverage from a prior employer count as a qualified life event?
OP might not qualify for his new employers insurance right away. For some reason I remember not being able to sign up for insurance at my job for the first few weeks... but I also could be remembering that wrong.
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