Since I'm paying for the individual ANYWAY, COBRA is a very expensive way to get $5 rather than $10 meds. (This year I haven't started on my deductibles. I'm still recovering from how much I spent on my feet last year.)
Just be sure to research the full ramifications of HIPPA with respect to wait times for pre-existing conditions and breaks in coverage before eschewing COBRA.
If you go the COBRA route, it will be considered qualified coverage and so will forcibly waive any pre-existing conditions waiting period your ultimate new employer's coverage might seek to impose.
Your individual catastrophic coverage might not be so legally-blessed (then again it may be) and so you might be subject to a six-month (or whatever) waiting period before the new employer's coverage will pay for any pre-existing conditions. Hence my recommendation to make sure you know all the rules before declining COBRA.
Yeah, last time I was between jobs I didn't research so I kept COBRA for waaaaaaay too long.
This time, my last day on the payroll is June 1 so I get June's health coverage. (I was fortunate enough to negotiate using up my vacation time to make my last day physically present be this Friday.) By the end of June I am hoping to have another job anyway, so with any luck, this will be moot.
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If you go the COBRA route, it will be considered qualified coverage and so will forcibly waive any pre-existing conditions waiting period your ultimate new employer's coverage might seek to impose.
Your individual catastrophic coverage might not be so legally-blessed (then again it may be) and so you might be subject to a six-month (or whatever) waiting period before the new employer's coverage will pay for any pre-existing conditions. Hence my recommendation to make sure you know all the rules before declining COBRA.
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This time, my last day on the payroll is June 1 so I get June's health coverage. (I was fortunate enough to negotiate using up my vacation time to make my last day physically present be this Friday.) By the end of June I am hoping to have another job anyway, so with any luck, this will be moot.