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Yep, that's true! Thanks for adding that, it is important. As long as you can put enough money aside to cover the entire COBRA period, this is indeed the best "
by yamtaddle 4y ago
Yep, that's true! Thanks for adding that, it is important. As long as you can put enough money aside to cover the entire COBRA period, this is indeed the best "play" when offered COBRA, unless you're sure you're gonna need it from the beginning (in which case you may as well just sign up to begin with—less hassle that way). If you don't end up needing it, you basically just got free health insurance for a few months.
- pound 4y agoit's 60 days to elect whether you'll be using COBRA. If employment is terminated early in the month usually coverage is still there through the end of the month, but if termination is at the very end of the month it can be exactly just 2 months, not few.
- chis 4y agoAh good catch. The 60 day deadline was paused during Covid but I guess it’s coming back starting this May.