Quote:
Originally Posted by lendaddy
My last day with my present employer is tomorrow. My insurance will be good through the end of November.
My employment begins with my new employer on the 18th and the coverage there starts after 30 days.
This obviously leaves a ~20 day gap so I inquired about COBRA. My current employer says it's $1,450 a month for COBRA but that I have 60 days to decide if I want it AND...it is retroactive in the event that I do want it!
I asked if that meant I could wait to see if I have any issues during the gap then decide if coverage would have been a good idea? They say yes, no problem.
WTF? Is this legit? I mean it's a good deal for me, but that's not insurance....
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Quote:
Originally Posted by mreid
That is absolutely correct and the right thing for you to do in your situation. Good luck in the new job!
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This is correct. I just did the exact same thing a few months ago.