Resigning from job and losing insurance on Jan 29 – how to prepare?

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Hi everyone, I’m turning 27, unmarried, so insurance is still pretty new to me and I live in DC. I am resigning from my DC job officially due to “personal reasons” and my insurance will end at midnight on Friday, January 29. I’m doing the following and I’d be so grateful for insight on the most cost-effective and healthy course of action:

  • Increase my HSA contribution by $1k per paycheck until I leave. I will be under the IRS ceiling.
  • Moved up OBGYN and dentist appointments I need to have to the 15th and 20th; confirmed no necessary follow-up appointments or repeating prescriptions following those dates.
  • Asked HR about COBRA at my organization (large company with group plans) as the PDF link was dead.
  • Checked the company’s PTO payout amount and my accruals by Jan 29. I’m going to put in some legitimate paid sick time off requests for the two appointments and space out the 1-2 days’ worth of PTO hours in the first 2 of the remaining 3 weeks.

My questions:

  1. COBRA: Does COBRA apply if I resign? The wording sounds like I have to be fired, furloughed, or have reduced hours to be eligible. Slightly unrelated, but those same parameters apply to receiving unemployment benefits, right? They are often mentioned together in articles these days.
  2. Tax penalty: The stickied post says DC is one of the states that will fine you (how much?) for not being insured! So does that mean I can definitely enroll in Medicaid outside of the Nov 1 – Dec 31 window? Or because I missed the window, I have to buy a marketplace plan to avoid being fined? Edit: Healthcare.gov sent me to a DC page that says I can enroll until Jan 31!
  3. Vision: I’d like to squeeze in a vision appointment ASAP for a new prescription to get new glasses and to swap out unopened contact boxes at my new levels. Even with insurance, glasses for me are $600-900. Maybe I could keep my frames to save money and just get new lenses, while wearing contacts until my glasses are back.
  4. Finally, is there anything I should be doing that I haven’t mentioned yet, or any questions I should be asking HR about in the next 3 weeks (14 business days)?

I’m a mostly healthy (minus vision & dental, the most expensive) young adult with sizable savings and no debt, cheap rent, and supportive parents to go back to if I have to incur unexpected large medical debt.

Thank you so much in advance!

submitted by /u/hriviera
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Hi everyone, I’m turning 27, unmarried, so insurance is still pretty new to me and I live in DC. I am resigning from my DC job officially due to “personal reasons” and my insurance will end at midnight on Friday, January 29. I’m doing the following and I’d be so grateful for insight on the most cost-effective and healthy course of action:
Increase my HSA contribution by $1k per paycheck until I leave. I will be under the IRS ceiling. Moved up OBGYN and dentist appointments I need to have to the 15th and 20th; confirmed no necessary follow-up appointments or repeating prescriptions following those dates. Asked HR about COBRA at my organization (large company with group plans) as the PDF link was dead. Checked the company’s PTO payout amount and my accruals by Jan 29. I’m going to put in some legitimate paid sick time off requests for the two appointments and space out the 1-2 days’ worth of PTO hours in the first 2 of the remaining 3 weeks.
My questions:
COBRA: Does COBRA apply if I resign? The wording sounds like I have to be fired, furloughed, or have reduced hours to be eligible. Slightly unrelated, but those same parameters apply to receiving unemployment benefits, right? They are often mentioned together in articles these days. Tax penalty: The stickied post says DC is one of the states that will fine you (how much?) for not being insured! So does that mean I can definitely enroll in Medicaid outside of the Nov 1 – Dec 31 window? Or because I missed the window, I have to buy a marketplace plan to avoid being fined? Edit: Healthcare.gov sent me to a DC page that says I can enroll until Jan 31! Vision: I’d like to squeeze in a vision appointment ASAP for a new prescription to get new glasses and to swap out unopened contact boxes at my new levels. Even with insurance, glasses for me are $600-900. Maybe I could keep my frames to save money and just get new lenses, while wearing contacts until my glasses are back. Finally, is there anything I should be doing that I haven’t mentioned yet, or any questions I should be asking HR about in the next 3 weeks (14 business days)?
I’m a mostly healthy (minus vision & dental, the most expensive) young adult with sizable savings and no debt, cheap rent, and supportive parents to go back to if I have to incur unexpected large medical debt. Thank you so much in advance!
submitted by /u/hriviera [link] [comments]Read Morer/HealthInsurance

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