Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Do laid off folks switch to Cobra?

Or something else for healthcare? I haven't been affected, I'm just curious.


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| 1061 views | | 6 replies (last February 22) | Reply
Post ID: @OP+1kj2jk58e

6 replies (most recent on top)

@be only if you anticipate having income between $0 and 50K. I retired and am doing a Roth conversion of my 401K. The tax consequence would be huge.

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Post ID: @c0+1kj2jk58e

Yeah, go for Obamacare

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Post ID: @be+1kj2jk58e

@OP

You have 2 months to retroactively get COBRA. So, you can wait and see if you need it and pay the past due monthly payments. For example, if you are generally healthy and don't need it, I would say save your money. If, God forbid, something serious comes up and you are hospitalized or need an urgent procedure then you can activate COBRA. That is only offerred for 2 months.

Or (as someone else mentioned) check the government one: healthcare.gov

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Post ID: @bd+1kj2jk58e

COBRA was cheaper for me and only needed to have it for 10 months till 65.

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Post ID: @b0+1kj2jk58e

I retired but COBRA was outrageous. Settled for BCBS which at $1,800/mth is still outrageous. Sigh. Got two years to bridge to Medicare.

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Post ID: @az+1kj2jk58e

Try Healthcare.gov ACA. Cobra is outrageous.

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Post ID: @aa+1kj2jk58e

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