(Sorry if wrong forum, the health forum seemed to be focused on health and health insurance issues with early retirees. I'm not retired yet so topic seems more about money)
I've given notice at my current company effective mid January and start a new job right away but new health insurance coverage doesn't kick in until beginning of February. I certainly don't want to be some tool you read about who has some major medical issue during a short gap in employment so owes $150k to some hospital.
People are telling me I don't even have to worry about it since I can take COBRA later as long as it's within 45 days and it applies retro and covers that time. So it seems I won't even have to pay, just wait out the two weeks and only elect COBRA if I have a medical event.
This seems too easy but cursory research on google seems to support it.
Am I missing something?
I've given notice at my current company effective mid January and start a new job right away but new health insurance coverage doesn't kick in until beginning of February. I certainly don't want to be some tool you read about who has some major medical issue during a short gap in employment so owes $150k to some hospital.
People are telling me I don't even have to worry about it since I can take COBRA later as long as it's within 45 days and it applies retro and covers that time. So it seems I won't even have to pay, just wait out the two weeks and only elect COBRA if I have a medical event.
This seems too easy but cursory research on google seems to support it.
Am I missing something?