I'm planning to FIRE this year and enroll in COBRA for the remainder of the year. We've earned too much in 2016 to qualify for subsidies. We live in Texas.
I have a question on the logistics. As part of my pre-FIRE jitters, I'm getting paranoid about the possibility of issues with payment not getting properly credited and losing insurance coverage.
For those who have done COBRA -- has your insurance company offered to let you pre-pay for the rest of the entire year like some auto insurance companies do? Has it been easy to get a receipt that proves that you've paid?
My husband may need rotator cuff surgery and if so, I really don't want any problems with proving we have insurance coverage over the period of his MRI, surgery and therapy.
The worry about issues with insurance transition to COBRA during same timeframe that my husband may need an expensive surgery has me a little freaked out about FIRE, so I welcome feedback from those who have gone on COBRA about their experience.
Thanks.
I have a question on the logistics. As part of my pre-FIRE jitters, I'm getting paranoid about the possibility of issues with payment not getting properly credited and losing insurance coverage.
For those who have done COBRA -- has your insurance company offered to let you pre-pay for the rest of the entire year like some auto insurance companies do? Has it been easy to get a receipt that proves that you've paid?
My husband may need rotator cuff surgery and if so, I really don't want any problems with proving we have insurance coverage over the period of his MRI, surgery and therapy.
The worry about issues with insurance transition to COBRA during same timeframe that my husband may need an expensive surgery has me a little freaked out about FIRE, so I welcome feedback from those who have gone on COBRA about their experience.
Thanks.