Health

Insurance Coverage after resigning

Groupon FGRe007
Dec 1

Say I'm leaving my company in the first week of a month and then joining my new company only in the 4th week of that month. What happens to my insurance coverage while I'm in transition? Am I not covered? If not what can I do to have coverage?

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  • Facebook QgLd56
    In all the companies I’ve left, you’re covered until the last day of the month of your departure. Then you have the option to elect COBRA after that, but COBRA can be elected retroactively, so you basically don’t need to sign up until you know you need it.

    For example, let’s say you leave job A on Dec 1. You’d be covered until Dec 31. Flip side is that if you leave Dec 30, you’ll also only be covered until Dec 31.
    Dec 10
  • I believe you're not covered. There are options under Cobra insurance that can cover for transition period. For more details check here https://www.healthcare.gov/unemployed/cobra-coverage/
    Dec 17
    • Airbnb Mmttr
      Almost every insurance plan covers the entire month if the individual is employed on the first day of the month.

      OP would be fully covered most likely.
      Dec 1
    • Apple GtCI06
      None of the companies I’ve worked for do this. It works for the salary period, not the month. If you’re paid by weekly, that’s the coverage you should expect.
      Dec 1
    • Airbnb Mmttr
      Ok, but it’s a very small number of companies. Apple is the only company I’ve heard of that doesn’t cover the full month. The vast majority of companies cover the full month.
      Dec 1
    • Apple GtCI06
      Can you give an example besides amazon?? Cause that’s the only one I know that does cover
      Dec 1
    • Airbnb Mmttr
      Google, Facebook, Twitter, Airbnb
      Dec 1
    • Apple GtCI06
      MS and FB don’t do it for sure, don’t know about the others
      Dec 1
    • Airbnb Mmttr
      Fixed MS. In California Facebook does. The rest do too.
      Dec 1
  • Amazon Mmhyngyv
    Ask your HR department. You are often covered for the full month when you leave. So if you leave in week one you may actually be covered all the way through that month.

    If you are not covered, sometimes you can sign up for cobra retroactively if there is an issue. In some states you have about 60 days to sign up for cobra.
    Dec 11
    • Groupon FGRe007
      OP
      How do I sign up for Cobra?
      2d
  • Groupon H5754
    Are you leaving next week?
    Dec 10
  • Microsoft 4655434b
    Read your current company plan info. Some companies end coverage the minute u walk out, others carry it till end of month, or some other predetermined date.
    Dec 10
  • Flexential Bfuy
    You will not be covered unless you elect COBRA which will have you paying the full amount. You can, however, elect COBRA retroactively for a period of time which may be a better option so you can see if it's money you needed to pay.

    Unless of course your insurance goes through the end of the month at your current job--that's often the case.
    Dec 10
  • LeanTaaS ♥️ data
    If you leave the company on any day of the month you will be covered until the end of the month from your previous company and your new insurance would start from the first of the next month with the new company
    Dec 10
  • Apple GtCI06
    COBRA is all you need to care about. You can activate it retroactively, meaning that while you wait to start at your new place if something happened you can activate it if needed even after the fact of going to the doc. So you just don’t activate it and if nothing happens you save that money :)
    Dec 10
  • Groupon FGRe007
    OP
    Thanks guys
    Dec 10

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