For those recently laid off, what are you doing for healthcare coverage now? Just got my COBRA offer/extension letter and was floored to see the cost. So far I’ve only looked at covered California at the suggestion of a friend but at a glance the plans don’t seem substantially better - the monthly savings in premium on those plans is essentially offset by the increased deductible. Do I just suck it up and keep what I had through COBRA and pray I get a job soon? Any suggestions on ways to save?

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The beauty of COBRA is you can opt in retroactively. So as long as you don’t need medical care, you don’t pay a dime.

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Correct. You must enroll within 60 days to be covered retroactively.

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That $ amt you’re seeing is the full cost of your insurance plan. Insurance companies are greedy. I would elect COBRA while looking for a short term plan as a cheaper alternative.

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If you just want short term “coverage” but don’t actually have any doctors appointments in the next three months you can just wait it out for free, and elect the cobra coverage if you need it (for example you sprain your ankle and need to go to the hospital in 2 months, you can elect to get cobra coverage then and pay retrospectively). If the 3 months pass and you haven’t had to use it you’re all good and haven’t had to pay for anything, and then can look for other options in the marketplace (or hopefully have found a new job). It’s a funny loophole.

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Pwc1 is right. You can go 60-90 day without having to sign up or pay. You can also look at your state ACA plan as well.

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This. Not sure what your financial situation is, but with little income you could qualify for a large subsidy and pay almost nothing for your insurance. If you truly have no household income, you could even qualify for Medicaid, which is free government insurance. my family went on Medicaid after being laid off in the 2008 recession.

Be careful with COBRA. Very expensive.

The cost shows how much the company was covering for you as part of your compensation. I would love companies to show this at least at open season.

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