I got laid off and my Cobra insurance is over 700$/month. That's an insane premium, does anyone have any advice?

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I believe with Cobra you can activate it retroactively for a period of time. Double check this but I think if you don’t sign up initially, and have an expensive bill come up in 2 months you can retroactively pay for month 1&2 to be covered

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This is correct

While the cost is insane, more often than not, you can sign up retroactively (I think 60 days). That way, if you don't need it before then, or find a new job, you aren't out any money

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Thanks! I learned this also when speaking to them on the phone. I'm going skiing in December and don't want to risk it, so this is great news

You can sign up for the Affordable Care Act coverage as you have had a change in status. Rates/month vary, but you can at least get some sort of catastrophic coverage in the $300-$400 range. It isn’t great, but it is at least cheaper per month than COBRA. But it all depends on your circumstances. Do you have on-going medical issues? Do you want to keep your current doctor. Etc etc.

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