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Why are you making assumptions about OPs numbers? Instead let's talk the numbers you are trying to minimize. Cobra averages $600 per person per month. That is $
by ROTMetro 4y ago
Why are you making assumptions about OPs numbers? Instead let's talk the numbers you are trying to minimize. Cobra averages $600 per person per month. That is $2400 per month for a family of four. I agree when I was self employed my largest cost was always health insurance, but for someone who has never been self employed a new $2400 a month bill on top of being fired can be quite a shock and add a ton of addition stress and pressure.
- vkou 4y agoThe average mortgage in my town is north of $5000/mo. That $2400/mo is the true cost of insurance. Your bigco employer pays most of it, and you pay the rest. So, yes, when that part of your pay is lost, it sucks. It sucks a lot. But that's not what we're discussing. We're discussing the financial situation you're in when you get paid bigco wages, and have to deal with 8% layoffs every 8 years, or working somewhere else, where you get paid substantially less (And also probably have to deal with layoffs, it's just that they don't hit the front page of HN). It's a financial no-brainer to me. If the wage delta is more than a rounding error, I'm much better off, financially in just taking the money.