Trying to decide if I should get a marketplace plan or start COBRA. Need some guidance.. [TX]

TLDR: Should I apply for COBRA to cover myself for now till the end of the year with OOP and Deductible met or grab a high deductible Marketplace plan until I start a new job with benefits? Can I just get started with a Marketplace Plan for a temporary amount of time?

Age: 37

Zip: 75216

Income: $1k/month at the moment but was making $120k/yr until August.

Back in August I had to take some short-term disability time and eventually ended my job in September with my insurance ending at the end of the month. I received all of the COBRA paperwork in October and I have up until the end of November to apply.

I’ve reached my deductible and out of pocket max already on my previous insurance plan but my fiancee has not. Extending insurance with COBRA seems a bit expensive ($1200+/mo for both of us). I am planning on starting a new job with employer benefits at the beginning of the year though. I’m sure that’s 30 days that I would have to wait for benefits/insurance to kick in once I get started.

I’m looking at marketplace plans as well. I’m seeing some for $300/mo per person that seem reasonable. It’s high deductible but I feel like it’s still better than not having insurance….

I am doing some potentially risky activities from now till January. Skateboarding, traveling to another country to surf, long road trips, skiing, gym bouldering, etc.

So I’m trying to make up my mind.. should I apply for COBRA, which means paying $1200 back pay for Oct, then Nov, Dec until work starts or just get a Marketplace Plan for this month and next month? Does it even work that way? Can I get a plan for this month and next?

submitted by /u/DiscDres
[link] [comments]TLDR: Should I apply for COBRA to cover myself for now till the end of the year with OOP and Deductible met or grab a high deductible Marketplace plan until I start a new job with benefits? Can I just get started with a Marketplace Plan for a temporary amount of time? — Age: 37 Zip: 75216 Income: $1k/month at the moment but was making $120k/yr until August. — Back in August I had to take some short-term disability time and eventually ended my job in September with my insurance ending at the end of the month. I received all of the COBRA paperwork in October and I have up until the end of November to apply. I’ve reached my deductible and out of pocket max already on my previous insurance plan but my fiancee has not. Extending insurance with COBRA seems a bit expensive ($1200+/mo for both of us). I am planning on starting a new job with employer benefits at the beginning of the year though. I’m sure that’s 30 days that I would have to wait for benefits/insurance to kick in once I get started. I’m looking at marketplace plans as well. I’m seeing some for $300/mo per person that seem reasonable. It’s high deductible but I feel like it’s still better than not having insurance…. I am doing some potentially risky activities from now till January. Skateboarding, traveling to another country to surf, long road trips, skiing, gym bouldering, etc. So I’m trying to make up my mind.. should I apply for COBRA, which means paying $1200 back pay for Oct, then Nov, Dec until work starts or just get a Marketplace Plan for this month and next month? Does it even work that way? Can I get a plan for this month and next? submitted by /u/DiscDres [link] [comments]Read Morer/HealthInsurance

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