Does anyone know of any good options for a 1 month stopgap in health insurance? I am starting a new job but can't get the benefits until July 1st so I need some sort of coverage for June only. The Cobra policy is insane so I'm not going that route.
Any feedback is appreciated.
So, if you only have 1 month, it's best just to forego insurance and then if you need it you can backpay the Cobra premiums
So, if you only have 1 month, it's best just to forego insurance and then if you need it you can backpay the Cobra premiums
That's what HR told me (just about the only thing productive from my exit interview). That's likely what I'll have to do and know that I should have the premium set aside in case the worst happens.
You won't be penalized for the gap unless it exceeds 3 months though, if holding out is an option.
So, if you only have 1 month, it's best just to forego insurance and then if you need it you can backpay the Cobra premiums
+3
Did this for 2 months when my wife and I had our 2nd child. We were under her insurance plan and lost her coverage after 4 months on maternity leave. Under Obamacare, you can have a gap in insurance for 3 months with no penalty. Since Cobra is retroactive, we went without insurance for 2 months and the expenses for healthy dr visits made much more sense to pay out of pocket. Good luck.