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There's actually one major additional factor here: health insurance. I actually had a lot of money saved up with I had my first kid, enough liquid to pay the r
by geebee 16y ago
There's actually one major additional factor here: health insurance. I actually had a lot of money saved up with I had my first kid, enough liquid to pay the rent for four years.
I could probably have gotten private health insurance. However, it's very expensive once you no longer get it through a large institution with bargaining power, and I know many people who were denied due to existing health problems.
Plus, if your baby has health problems, you're in a very risky situation if you're an individual buyer.
Your original point still stands - it's essentially the same equation, but I think that health insurance changes the values of some of the variables. The pediatrician, rather than the rent/mortgage, was what kept me pinned to a job I actually kind of hated.
- yummyfajitas 16y agoI could probably have gotten private health insurance. However, it's very expensive once you no longer get it through a large institution with bargaining power,... It's only 2% more expensive for you than for your former employer (for 18 months). http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTML http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTML
- geebee 16y agonot bad... though that's the total cost, not the amount you pay, right? It's a big bill, almost the equivalent of rent. But if this is the case, then yeah, it's just money, so the equation doesn't change, just the parameters. I have a buddy who was denied health insurance repeatedly until he got hired, so there's definitely a subgroup that has no choice but to keep the corporate job. I suppose you could also just buy insurance for the baby rather than get a family plan if you're denied but the child is healthy, though I've never heard of this.