Health Insurance Advice
I recently started J3 last week. They give you 30 days to elect benefits, however I already have health insurance through J1. Here’s the situation:
Pay: J2 > J1 > J3
J1: Company pays 100% of health insurance. We elect benefits every December. However, they are really struggling and may go bankrupt. Lay offs coming end of this month.
J2: Waived health insurance back in February because I already have insurance with J1. Costs $59 per paycheck if I did enroll. Paid weekly.
J3: 23 days left to elect or waive. Cost is $30/paycheck. Paid weekly. They elect every March after that.
If I get laid off from J1 after the 23 days to enroll in J3 benefits, I won’t have an option to elect insurance until February. I want to ride out J1 until the very end.
Does anyone have experience with private plans? Would really appreciate some advice.