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Insurance Decision, Job Hunt

August 26th, 2016 at 10:54 pm

Well, we have decided what we are going to do about insurance. We are going to buy the Regence gold plan through Costco that starts October 1st. We are going to pay out of pocket anything for September and not do the COBRA, because it will be far cheaper.

We, however, can do the COBRA retroactively for September if something happens, like a major hospitalization, so a big emergency medical issue is covered. We have up to 60 days to do a retroactive COBRA.

Also we won't get fined by the government for missing a month of insurance. Apparently you get 3 months between losing your insurance and getting a new one before you'll get fined. I hate that part of the ACA. It's punitive and stupid and a money grab. Insurance should be available to anyone who needs it, but not enforced with what amounts to an unconstitutional tax. *sighs*

I added up everything we will be doing in September and it is far, far cheaper to do it this way. It is also a lot easier. We can sign up for our plan and just send them the paperwork when we finally get it. That is a big weight off our shoulders.

It's still pretty pricey, at $1543 for 4 people, but that beats the $2230.17 by a lot. And it's such better insurance $2000 family deductible. $8 generic prescriptions. $20 co-pay for doctors. Better dental. Better vision. I know we probably will be paying out of pocket for a while, but our money will still go a lot further this way.

DH's unemployment will just cover that and hopefully he will find a new job before the 6.5 months of unemployment runs out. I just wish he could get WA state unemployment and not be stuck with Alaska unemployment. WA state is almost double Alaska.

He's got a couple more leads and someone asked him to send his resume for a specific job so hopefully that leads somewhere. It would be a very good long-term job, contracted directly to parent company, not these sub contractors that come and go. So cross your fingers, and say prayers if you do that for us please.

Meanwhile DH has completed his entry essay for the BS, which I corrected about 5 times, but it was very good by the end. He's sent for his transcripts to be sent there, so the ball is rolling on that.

I am trying not to let things overwhelm me. It is easier with DH home. He has a calming influence on me.

We got DH's last paycheck today. Once this is gone we will have to start dipping into the Emergency Fund. I will try to make it last as long as possible.

11 Responses to “Insurance Decision, Job Hunt”

  1. Jenn Says:

    Prayers for your family.

    I couldn't agree more with your point on the penalty for not having health care. It's not the way insurance is intended to work - compare it to homeowner's or life - but like a tax instead.

  2. Carol Says:

    Sounds like a good plan. Sending caring thoughts and good job- finding vibes your way.

  3. creditcardfree Says:

    Fantastic plan! I'm glad you know about the retroactive part of COBRA. I also agree about the penalty tax on healthcare!

  4. scfr Says:

    Congratulations on making what sounds like a very wise decision. It must be a big relief to not have to think about it any more.

  5. starfishy Says:

    i had no idea that cobra could be started retroactively in case of a big medical emergency. that's a relief! i'm glad you found a solution that will temporarily work for your family. good luck and positive thoughts going out to your husband as he looks for his next position. i admire how you maneuver through the peaks and valleys of life as a team.

  6. FrugalTexan75 Says:

    It sounds like you've come up with a good solution.

  7. CB in the City Says:

    My heart goes out to you as you process your last paycheck. I know you will be very wise in the use of your emergency fund.

  8. rob62521 Says:

    You have worked hard and come up with a good solution. Will pray you have no reason to purchase the Cobra for September. I have friends who do not like the penalty for insurance and because of their incomes being a little above poverty, their insurance if expensive and their deductibles even higher.

  9. VS_ozgirl Says:

    Fingers crossed that there will be a happy twist around the bend and that DH will get a job offer. Sending you good thoughts that this stress will be over soon.

  10. LivingAlmostLarge Says:

    I had no idea costco sold insurance. We did that cobra backup when we first bought insurance.

  11. joanne Says:

    Hoping that your Husband gets a new job very soon . The health insurance is out of control, in this country. I hope that things get better soon and, I admire how you are trying to stay calm.The price for Cobra insurance is just too high. How are people supposed to pay this, and live on unemployment.? Better times ahead.

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