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I got the offer on the new job and it looks like I am going to accept. Only issue is that I cant sign up for insurance until after 30 days of employment. Does your current insurance terminate the moment you quit or is there a grace period? I'd like to avoid having to pay COBRA for a month if I can but I dont want to not have insurance with 3 small kids.

Hank Scorpio wrote:

You almost certainly will lose it after your last day from your previous company unless they are really nice.

However, you get a grace period to pay for COBRA so with your time period you may be able to risk not paying it and then if you need it then you can pay for it and you were covered even after the fact.

I seem to remember it was 45 days from the termination of your previous employment.

From what I can find online w/r/t COBRA, it does say 45 days. So I sign up and then dont pay and tell them tough shit. I like this strategy!!!

Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore?

Don Tiny wrote:

Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore?

I dont think so because I will sign up for Cobra, I just wont pay for it.

I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it.

Don Tiny wrote:

Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore?

I got the offer on the new job and it looks like I am going to accept.

Hank Scorpio wrote:

Just to be safe, you and your family should travel in separate airplanes and never appear in the same place at the same time. You know, like the president and vice president.

Congrats, Hank!

FWIW, I was advised on leaving my last employer that my insurance benefits would run to the end of the month that I left, so...?

Author:	Hank Scorpio [ Thu Jun 16, 2016 2:08 pm ]
Post subject:	Insurance Question
I got the offer on the new job and it looks like I am going to accept. Only issue is that I cant sign up for insurance until after 30 days of employment. Does your current insurance terminate the moment you quit or is there a grace period? I'd like to avoid having to pay COBRA for a month if I can but I dont want to not have insurance with 3 small kids.

Author:	Brick [ Thu Jun 16, 2016 2:10 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: I got the offer on the new job and it looks like I am going to accept. Only issue is that I cant sign up for insurance until after 30 days of employment. Does your current insurance terminate the moment you quit or is there a grace period? I'd like to avoid having to pay COBRA for a month if I can but I dont want to not have insurance with 3 small kids. You almost certainly will lose it after your last day from your previous company unless they are really nice. However, you get a grace period to pay for COBRA so with your time period you may be able to risk not paying it and then if you need it then you can pay for it and you were covered even after the fact. I seem to remember it was 45 days from the termination of your previous employment.

Author:	hnd [ Thu Jun 16, 2016 2:10 pm ]
Post subject:	Re: Insurance Question
its up to the employer usually. i don't know if you can even get short term anymore.

Author:	Hank Scorpio [ Thu Jun 16, 2016 2:13 pm ]
Post subject:	Re: Insurance Question
Boilermaker Rick wrote: Hank Scorpio wrote: I got the offer on the new job and it looks like I am going to accept. Only issue is that I cant sign up for insurance until after 30 days of employment. Does your current insurance terminate the moment you quit or is there a grace period? I'd like to avoid having to pay COBRA for a month if I can but I dont want to not have insurance with 3 small kids. You almost certainly will lose it after your last day from your previous company unless they are really nice. However, you get a grace period to pay for COBRA so with your time period you may be able to risk not paying it and then if you need it then you can pay for it and you were covered even after the fact. I seem to remember it was 45 days from the termination of your previous employment. From what I can find online w/r/t COBRA, it does say 45 days. So I sign up and then dont pay and tell them tough shit. I like this strategy!!!

Author:	Brick [ Thu Jun 16, 2016 2:17 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: From what I can find online w/r/t COBRA, it does say 45 days. So I sign up and then dont pay and tell them tough shit. I like this strategy!!! I believe you are immediately COBRA eligible. If you pay it within 45 days, even after going to the doctor, it counts. If at 45 days you never use it then you just don't pay for it. This is what I did.

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Author:	Don Tiny [ Thu Jun 16, 2016 2:22 pm ]
Post subject:	Re: Insurance Question
Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore?

Author:	Bagels [ Thu Jun 16, 2016 2:24 pm ]
Post subject:	Re: Insurance Question
don't get sick

Author:	Furious Styles [ Thu Jun 16, 2016 2:28 pm ]
Post subject:	Re: Insurance Question
Write it off.

Author:	Hank Scorpio [ Thu Jun 16, 2016 2:29 pm ]
Post subject:	Re: Insurance Question
Don Tiny wrote: Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore? I dont think so because I will sign up for Cobra, I just wont pay for it. I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it.

Author:	Brick [ Thu Jun 16, 2016 2:30 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: Don Tiny wrote: Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore? I dont think so because I will sign up for Cobra, I just wont pay for it. I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it. I would ask your new employer about this too just to make sure. They will guide you through it because it doesn't effect them. I'm not even sure you "sign up" for COBRA either. You just have a bill you can pay for up to 45 days.

Author:	Don Tiny [ Thu Jun 16, 2016 2:52 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: Don Tiny wrote: Does Hank risk having a 'break' in coverage with BRick's strategy, or does that even matter anymore? I dont think so because I will sign up for Cobra, I just wont pay for it. I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it. Not with any practical knowledge one way or the other but, rather, just on the surface that seems like a loophole that, for as obvious as it is, would somehow have long since been addressed to prevent clever lads like us from exploiting it.

Author:	Tad Queasy [ Thu Jun 16, 2016 3:50 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: I got the offer on the new job and it looks like I am going to accept. Congratulations on the new job!

Author:	Ed_from_Lisle [ Thu Jun 16, 2016 3:50 pm ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: I dont think so because I will sign up for Cobra, I just wont pay for it. I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it. Just to be safe, you and your family should travel in separate airplanes and never appear in the same place at the same time. You know, like the president and vice president.

Author:	Don Tiny [ Thu Jun 16, 2016 4:12 pm ]
Post subject:	Re: Insurance Question
Ed_from_Lisle wrote: Hank Scorpio wrote: I dont think so because I will sign up for Cobra, I just wont pay for it. I'm sure I'll get screwed somewhere down the road but as long as I dont put my family at risk for those 30 days, I'll live with it. Just to be safe, you and your family should travel in separate airplanes and never appear in the same place at the same time. You know, like the president and vice president. Hank Scorpio's Wife wrote: SOUNDS GOOD!

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Author:	Darkside [ Thu Jun 16, 2016 6:46 pm ]
Post subject:	Re: Insurance Question
Male prostitution provides insurance now? Way to go dude. Good luck in your new endeavours

Author:	Minooka Meatball [ Thu Jun 16, 2016 7:03 pm ]
Post subject:	Re: Insurance Question
Congrats, Hank! FWIW, I was advised on leaving my last employer that my insurance benefits would run to the end of the month that I left, so...?

Author:	Peoria Matt [ Thu Jun 16, 2016 9:13 pm ]
Post subject:	Re: Insurance Question
Good job, Hank.

Author:	Douchebag [ Fri Jun 17, 2016 8:13 am ]
Post subject:	Re: Insurance Question
Minooka Meatball wrote: Congrats, Hank! FWIW, I was advised on leaving my last employer that my insurance benefits would run to the end of the month that I left, so...? That seems to be the norm that I've seen.

Author:	Gloopan Kuratz [ Fri Jun 17, 2016 8:35 am ]
Post subject:	Re: Insurance Question
Obamacare and the IRS may catch you if you have no insurance for a whole month.

Author:	Hank Scorpio [ Fri Jun 17, 2016 10:04 am ]
Post subject:	Re: Insurance Question
Thanks to both the jokes and the real replies. It sounds like if I work for one day in a month it carries over for the whole month. I just have to time things perfectly. July 1st to be my last day and then start right after the holiday. I'll have around 4-5 days without ins. Just lockdown everyone in the house haha.

Author:	good dolphin [ Fri Jun 17, 2016 10:08 am ]
Post subject:	Re: Insurance Question
Hank Scorpio wrote: I got the offer on the new job and it looks like I am going to accept. Only issue is that I cant sign up for insurance until after 30 days of employment. Does your current insurance terminate the moment you quit or is there a grace period? I'd like to avoid having to pay COBRA for a month if I can but I dont want to not have insurance with 3 small kids.