Hey all,
I keep reading about COBRA bridges, and actually asked about a week lapse last year in January, but this time, I voluntarily left my job on 3/5, started a new one on 3/8, and have a 60 day waiting period to elect coverage, which would start on the 1st of the following month (6/1). Unfortunately, that leaves 3 weeks where I would normally be uninsured, and normally unable to elect retroactively. I don’t have any dependents, nor do I have any chronic illness to deal with, so COBRA would only be used in a worst case scenario.
Currently, I believe I have 60 days after the “Outbreak Period” is over due to temporary COVID rules. Does that make it safe for me to take an extra long COBRA bridge? I’ve seen posts made in the last year on this subreddit talking about the 60 day rule as if these temporary rules don’t exist, so I’m not sure what to believe. I have the money for premiums, and in a worst case scenario would have no problem paying for 3 months of premiums, but I don’t want to go spending money maintaining 3 months of coverage for 3 weeks of lapsed coverage. Just want to make sure I have my ducks in a row before I do… nothing. *Hopefully*
submitted by /u/MisesAndMarx
[link] [comments]
Hey all, I keep reading about COBRA bridges, and actually asked about a week lapse last year in January, but this time, I voluntarily left my job on 3/5, started a new one on 3/8, and have a 60 day waiting period to elect coverage, which would start on the 1st of the following month (6/1). Unfortunately, that leaves 3 weeks where I would normally be uninsured, and normally unable to elect retroactively. I don’t have any dependents, nor do I have any chronic illness to deal with, so COBRA would only be used in a worst case scenario. Currently, I believe I have 60 days after the “Outbreak Period” is over due to temporary COVID rules. Does that make it safe for me to take an extra long COBRA bridge? I’ve seen posts made in the last year on this subreddit talking about the 60 day rule as if these temporary rules don’t exist, so I’m not sure what to believe. I have the money for premiums, and in a worst case scenario would have no problem paying for 3 months of premiums, but I don’t want to go spending money maintaining 3 months of coverage for 3 weeks of lapsed coverage. Just want to make sure I have my ducks in a row before I do… nothing. *Hopefully*
submitted by /u/MisesAndMarx [link] [comments]Read Morer/HealthInsurance