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Posted

I am leaving my current employer in a couple of weeks, on Friday March 4. I am starting with new employer on Monday March 7. I currently have full medical/dental/vision etc. through my employer. As part of my out-boarding process I am trying to understand the health insurance coverage I will or won't have for the weekend in between.

I did receive benefits information to look at as part of the out-boarding process but want to make sure I understand. It stays that my coverage does end on my last day. Then, within the next 14 days I will receive information on COBRA and can opt-in at that point.

I think this means that, while technically I won't have coverage for that weekend, if someone in my family needs to go in to the ER or has other sudden and unplanned medical expense, I can then opt-in to COBRA and get retroactive coverage. I don't need to proactively do anything and won't have to pay for COBRA unless that unplanned expense occurs, then I will just be covered like normal by new employee on the 7th.

While I get that every situation is different, does this seem consistent with general understand to anyone who has experience in this issue?

Posted

I was in the HR world for a number of years, but left it about ten years ago.  Your assumption is correct based upon the knowledge I have.  It's called the COBRA waiting game, and is an effective way to pay retroactively for coverage if you need it.  With your short gap in coverage, you will probably be fine #nojinx.  Wouldn't exactly go skiing or play pickup basketball during the gap though.

Posted

If your last day is March 4, you should be covered for the month of March on your current plan, but you should verify with HR. Depending on when benefits start with new company, you might need to pay a month or two of COBRA.

Posted
10 hours ago, Chewbacca said:

If your last day is March 4, you should be covered for the month of March on your current plan

This is the way it works if you're on your parent's and turn 26 during the month. 

Posted

You’re covered for March. Benefit payments are paid at the beginning of the month.

You have nothing to worry about.

Yes you can opt-in to cobra if necessary but you won’t need it.

  • Hook 'Em 1
Posted
You’re covered for March. Benefit payments are paid at the beginning of the month.

You have nothing to worry about.

Yes you can opt-in to cobra if necessary but you won’t need it.
Depends on when he's eligible for benefits at the new job.
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