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Old 02-07-2015, 07:35 PM   #21
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Good for you!

I had similar fortune three years ago at age 59. I was financially and emotionally prepared for it. You will not regret it.

The biggest issue for me when I was downsized was not to give the impression that I was happy about it or that I felt that I had won the lottery until a final termination agreement with my former employer was reached.
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Old 02-08-2015, 08:45 AM   #22
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Congrats on your retirement and congrats on the nice severance package! Enjoy the rest of your life.
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Old 02-10-2015, 07:41 AM   #23
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Quote:
Originally Posted by bingybear View Post
look quickly for the insurance. Open enrollment ends Feb 15th, but you should qualify for a special enrollment due to the job loss causing a loss of insurance. However, I believe this is a 60 day window. Cancelling your cobra will not count as a qualifying special event. So.... get your move on.
Yep we going thru this right now too. Work insurance ended Jan 31, healthcare.gov says the event gives us until April 2 to sign up.

However if you sign up after the middle of the month you wait an extra one, as in sign up March 15 you start ACA on April 1 but wait until St Patrick's Day and you start in May.
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Old 02-10-2015, 08:22 AM   #24
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Quote:
Originally Posted by tuixiu View Post
Yep we going thru this right now too. Work insurance ended Jan 31, healthcare.gov says the event gives us until April 2 to sign up.

However if you sign up after the middle of the month you wait an extra one, as in sign up March 15 you start ACA on April 1 but wait until St Patrick's Day and you start in May.
Yep.. my last day is Feb 27th, insurance last day is Feb 28th. I signed up for ACA mid Jan... somewhere after the 15th, paid first month and have my cards... due to start March 1. Just planning head. If I don't get a subsidy, I likely should have just done my cobra. With a subsidy, ACA is likely the most affordable plan.
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