Jr712 OP t1_iu9izln wrote on October 29, 2022 at 4:42 PM

Reply to comment by Topher_86 in Starting a new job in Nov or Dec. Family has high medical costs and we've met our OOP max this year. Am I best off using COBRA until EOY? by Jr712

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 on October 29, 2022 at 5:32 PM

In that case just ride the cobra election window, then.

Jr712 OP t1_iu9xfpz wrote on October 29, 2022 at 6:23 PM

You still have to pay for it during that time right?

AmazingAtheist94 t1_iua3jo9 wrote on October 29, 2022 at 7:06 PM

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 on October 29, 2022 at 8:33 PM

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.