How does the benefits work after the 60 day WARN period? Do you take COBRA for health insurance or by any chance do you get full benefits until your severance runs off? I.e. Citi contributes to your medical benefits until the end of the severance pay period
Thanks
13 replies (most recent on top)
https://medschoolinsiders.com/medical-student/highest-paying-cities-for-doctors/
@1cy
Clearly you don't NOT live in a large city or metropolitan area, regardless of whether you're U.S. born or not, the latter of which is irrelevant.
In NYC, San Francisco, Boston, Los Angeles, Beverly Hills, Connecticut State, even parts of New Jersey, etc. General Practioners-Medical Doctors DO CHARGE $400 OR more per hpur. I know mine does. I see it on the invoice I get 2 weeks after my office visit.
And they do NOT work or see patients 8-10 straight hours each day, 5 days per week. They have down times when NO patient is on their schedule. Most only work 3 to 4 days per week.
H3ll, since they're billing $400 to $1000+ per patient per hour they can afford NOT to come into the office 5 days per week. And yes, even some GPs in the USA make well over US$1 million annually.
Jealous ??
The outrageous medical costs in the USA are why we need universal Healthcare and it should NOT be a FOR Profit business.
THE USA is the only first world country and ally that has a FOR PROFIT Healthcare system, unlike Canada, UK. Germany, Australia, France, etc. !
@115 CLEARLY you are incorrect and maybe not born in US.
BORN here and pretty sure older than thou? Specialists? Sure making serious cash. GPs? Nope. Average Dr is not making $400*2080 hours=832,000/year.
Clearly, you're NOT in the USA. There ARE Doctors who charge $400 to $1000 or more per hour.
@ph What Drs are making $1000/hr? you math isn't mathing.
Only if you're wealthy and money grows on trees for you. USA Doctors charge $400 to $1000+ or more per hour. They bill by the hour and so if you take up only 15 minutes of their time it counts as one full hour.
Hospitals are worse.
Prescription medication can easily cost thousands of dollars per month without insurance.
For example, the last time I checked the difference between $1000 and $30 for prescription medication, is like $970 saved per month in my pocket.
The poster is obviously a clueless and insouciant Let Them Eat Cake Marie Antoinette Troll, a MD/D or Citi "management" !
@dc it wasn’t for me. COBRA was cheaper. C will kick you off their retirement medical plans at 65.
@ax Or simply pay cash out of pocket which is the cheapest of all options
Healthcare may be cheaper through ACA commonly called Obamacare, but some insurance companies do Not or no longer participate in ACA.
ACA is like an HMO.
Example: Aetna recently dropped ACA.
And so if you want to remain with your current insurance carriers, you're scr3wed. You need to elect new insurance carriers through ACA or your State's medical plans. And they may not give you the prior coverage level you had as an employee whether at Citi or other employer.
COBRA is insanely expensive up to $2000+ per month for families. But at least you can stay with your current insurance carriers.
See how truly Fvcked Up FUBAR the USA's Healthcare industry is compared to its allies Australia, Germany, France, UK, Netherlands, etc.???!!!
And we'll Not even go into what happened in NYC in December 2024 about healthcare. Healthcare for profits leads to this.
If you meet the rule of 60 it's slightly cheaper than cobra, but corporate sponsored insurance is insanely expensive through cobra. You're better off shopping around.
@a2 unnecessarily harsh. You must be a blast at parties..
@OP unfortunately, your company sponsored healthcare insurance ends after you notice period. You either take COBRA or get insurance when you find a new job.
Are you only a few years out of university and this is your first or second job ??
Most people know the answers to your questions.