Consulting

How should I factor into my budget the cost of health insurance? Trying to figure out a budget in case I’m laid off.

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COBRA is very expensive. Yes, you should budget if your unemployment lasts more than 60 days.

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Around 800-1000 a month

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COBRA is expensive! However, if you have hobbies that could lead to expensive hospital trips (rock climbing, mountain biking, etc.), have chronic health problems or have small children, take the COBRA.

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Just don’t get it

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Depends. How much is COBRA? ( generally very expensive) Has your state expanded Medicaid? If so, you could have free or reduced cost coverage while in between jobs. If your state hasn’t expanded Medicaid, then you can apply through the health exchange and based on your projected income for the year would determine how much you’d qualify for tax credits. There may also be the option of a co-op in your area, but I don’t know enough about that.

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Good luck and hopefully you’re not laid off.

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Eleventy-billion dollars per month

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My parents just got off of work benefits, and they are paying $1,750 per month. Granted they are moderately overweight (not morbidly obese) and approaching age 60. it’s insane. I know that’s not a good barometer for OP but damn

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Look on talent on demand. You will find the total cost of your health insurance, both what you pay and what Deloitte pays. That’s what cobra will cost you. Also look at any alternative health coverage offered by your state (eg Obamacare) and compare the two. Keep in mind once you stop paying for cobra you can’t get back on it, so choose carefully.

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If you can’t find it, call 800 deloitt

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