Short term insurance in between jobs
I will be changing my jobs soon and at this current company, we don't have a 2 week notice period but a 2 week garden period. During this period, we don't have to come to the office but receive a salary. However, all benefits are turned off immediately including health insurance. Are there any recommendations on pocket-friendly insurance I can get for those 2 weeks before I join the new company? I am 28 years old and only want the insurance for if and when emergency strikes.
If you are on payroll you are ought to get insurance unless they give it to you in advance. Ask HR about how to sign up for COBRA in that case.
Will it not fire back if I ask them that before I put my notice in. The problem is that I will be walked out the same time that I put my notice so I have to deal with this delicately.
You can signup for cobra up to 45 days after leaving your job and it can be applied retroactively (this was true when I used it, anyway). So just roll the dice and enroll in cobra if you need it.
You mean don't enroll in the cobra insurance unless I need it?
Yes. https://www.cms.gov/CCIIO/Programs-and-Initiatives/Other-Insurance-Protections/cobra_qna.html Q14 explains it is retroactive.
Yes only pay Cobra if you needed it. Coverage starts the day your old insurance ended
It should be your employer’s headache to find you insurance for that period, no? Cobra or whatever else. Also it’s very weird.
I will be covered by the next employer _when_ I join them. Which is 2 weeks after quitting the current job. Technically, I would be no ones responsibility during those 2 weeks.
@Aristq is completely wrong about this, this is not unusual at all. This is why cobra exists It is the exact same option as taking a week or two off between employers. Or employers where your benefits do not kick in until the first payroll after you’ve been hired.