My medical insurance doesn’t start with the new company until March 1. COBRA for the family was quoted to me at $1,100/month!!! If you are only going to miss coverage for 60 days or less, you can opt out but then sign up and retro pay if something bad happens. However, mine will be almost 90 days so up until this morning I thought we were going to have to pay over 3K for insurance over the next three months.
Ouch. That hurts even thinking of it.
But thankfully I had Scott call the highway patrol HR office and we can opt into their cheapest state plan (around $200 a month) within 31 days from today since there was loss of coverage and then cancel everything within 31 days after March 1. So yay, that’s over 2K just saved. And we still have our Health Savings Account with money in it from my high deductible plan with my old (as of tomorrow) company.