Possibility of Retroactive COBRA or Marketplace?

I voluntarily left my job on 12/11/2020 and have signed an offer letter for a new position that will start on 01/11/2021. My current coverage will end 12/31/2020 and my new coverage will start 01/31/2021.

I am trying to understand what my options are regarding health insurance. The clear options are:

  1. decline COBRA and do not apply for Marketplace – go without coverage for 30 days
  2. Pay out of pocket for COBRA
  3. Pay out of pocket for Marketplace

My questions are:

  1. If I pay for COBRA will it automatically be cancelled when my work provided coverage starts?
  2. If somebody in my family had a catastrophic medical need during our gap of coverage could COBRA coverage be retroactively started?
  3. If somebody in my family had a catastrophic medical need during our gap of coverage could I apply for Marketplace coverage retroactively?

I would like to skip COBRA and Marketplace for the 30 days but I am not a risk taker and will sleep better having a month of coverage if retroactive coverage is not an option.

submitted by /u/paulcunninghamca
[link] [comments]
I voluntarily left my job on 12/11/2020 and have signed an offer letter for a new position that will start on 01/11/2021. My current coverage will end 12/31/2020 and my new coverage will start 01/31/2021. I am trying to understand what my options are regarding health insurance. The clear options are:
decline COBRA and do not apply for Marketplace – go without coverage for 30 days Pay out of pocket for COBRA Pay out of pocket for Marketplace
My questions are:
If I pay for COBRA will it automatically be cancelled when my work provided coverage starts? If somebody in my family had a catastrophic medical need during our gap of coverage could COBRA coverage be retroactively started? If somebody in my family had a catastrophic medical need during our gap of coverage could I apply for Marketplace coverage retroactively?
​ I would like to skip COBRA and Marketplace for the 30 days but I am not a risk taker and will sleep better having a month of coverage if retroactive coverage is not an option.
submitted by /u/paulcunninghamca [link] [comments]Read Morer/HealthInsurance

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