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Job Update

July 9th, 2016 at 10:22 pm

Okay, so here's where things stand now. DH is coming home on Thursday and he has been asked to come back for one more week for sure and that might actually stretch into two more weeks, but nobody knows. At least it means our insurance is paid for August, so no COBRA. Nobody officially knows anything, but then the contract with company #1 is officially taken over by company #2.

Company #2 is not going to hire anyone before the middle of this month which is the day after DH comes home this time. So he may or may not hear anything from them while he is home. Best case scenario here is he gets a job offer from them while he is home and starts working for them in August and insurance starts in September and no COBRA.

Medium case scenario is he gets it when he goes back up on the 26th, he starts work in September and we have one month of COBRA to pay. Worst case scenario is he doesn't get hired by company #2 at all and COBRA wipes us out (it's $2500 a month). Which would be odd since they used his name in their bid paperwork, but stranger things have happened.

I do hope he hears from the refinery job one county over for an interview when he comes home. They are supposed to be interviewing the second half of July. He will call the job placement guy when he gets home and see if there is any news on that front or on any fronts as well. This is still the job we would all prefer.

It would be good if he can get in for an interview while he is home. I'd hate for him to miss out because he's back up in Alaska. I don't know if he can do a Skype interview from his current job. They are pretty good about stuff like that right now since they have to lay off everyone, but...

I read a big article yesterday about how oilfield jobs are booming and how they desperately need skilled oilfield workers right now and how they are going to have to pay a premium for them since so many people left the industry when there was a down turn for more stable jobs so supply will be low. And I am like...they are still laying people off and this was after a 9 to 15 percent paycut across his oilfield in April. Where is this magic high wage, high demand hiring happening? Because all the people who are out of work or about to be certainly are not seeing it.

All I can say is if DH does get a new job, he's starting the next step in his education immediately, even if we have to postpone house buying a little longer. One more degree will make us that much more secure in the future and being able to do it online means he can do it anywhere we end up. I mean he has all the commensurate experience that the next degree would give him, but some people still want that additional piece of paper even if it means no real experience to back it and then they wonder why those people never last.

Anyway, trying to stay positive. I think we will have to investigate some other insurances and see if there is one we can buy that would be cheaper than $2500 a month for a COBRA for the four of us. Ideally something as cheap as possible that would cover a disaster and we just pay out of pocket because of a high deductible would be better than $2500 a month. We might payout $1000 to $1500 a month max that way, which would make the money stretch a lot further.

DH has made enough money in a half a year we would not qualify for any insurance subsidies, so whatever we get, we'd have to get on our own.

I just really, really hope he gets something fast and all of this is moot and we don't have to deal with it at all.

5 Responses to “Job Update”

  1. VS_ozgirl Says:

    I hope he gets something fast too, fingers crossed for you.

  2. jokeabee Says:

    Is the ACA a better option than COBRA? Losing benefits/job is a qualifying life event and should make you eligible for it before open enrollment.

  3. FrugalTexan75 Says:

    I think I read that same article - made me think of you and wonder about the validity of it.

  4. Livingalmostlarge Says:

    Not sure if this is what you would want or price out. But we pay $650 month for hdhp $6500 individual and $13k family deductible. Basically catastrophic insurance for our family of four. Everything is OOP. Probably why we haven't been going as much. Maybe it's worth getting? I will say that it's horrible plan compared to employer provided insurance

  5. rob62521 Says:

    Hope you hear good news quickly!

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