If I understand it right, the 6 months of insurance runs out in November. But the qualifying life even happens may 31st (when you officially get laid off). That means you can't switch your insurance at that point. And you are legally required to have insurance... which means you have to pay for cobra?
I don't want to turn down $9k for one months insurance... as my wife has a job with insurance I can switch the whole family to.
You need to need into more details regarding eligibility to sign up for ACA during non-enrollment period especially when you are still eligible for CORBA. If you are purchasing health insurance under CORBA and elect to discontinue purchasing even though you are still eligible for CORBA, this might not qualify as a life event for signing up out-of-cycle ACA.
Cobra is just the right to buy the same insurance out of pocket. So you use intel's 6 months, take the $9k, pay the full out of pocket cost under cobra for one month then switch to your wifes insurance.
The loss of a job or benefits from a job is a qualifying life event
Sign up with your spouses and take the 9k. You don't have to take cobra if you can roll on your spouses.
to me end of COBRA coverage is a life event. no ?
I talked so someone who handles signing people up for insurance for the ACA... and She said no... you cannot. You can only sign up once a year unless you have a qualifying life event.
Its called Obamacare. You can drop Cobra at any time.