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Pray hubby doesn't get laid off

June 23rd, 2009 at 08:29 am

Well, there have been rumors of layoffs swirling around hubby's workplace for months. It looks like it starts this week. I am praying he is spared. My worst nightmare-- 5 months pregnant with no income and no health insurance. I can't even process it. Who knows how much the COBRA would cost. Probably so much that it would burn through our savings really quickly, despite not having any other huge monthly obligations.

I have always thought to myself that we could make it through this downturn we can just stay employed. If we can just keep that one income, we will be able to make it and stay on course. I guess keeping the job is the hard part.

10 Responses to “Pray hubby doesn't get laid off”

  1. monkeymama Says:

    I am so sorry!

    I wouldn't sweat the COBRA. It sucks because you are not used to paying for health insurance, but it really isn't THAT bad. & if it is, shop around private insurances. May not be an option since you are pregnant, but will only be a few more months. (We've always opted for private insurance because never offered anything worthwhile by an employer. It's not cheap, but it's not the end of the world either)!

    & it would just be temporary!

    Hang in there and I will cross my fingers for you.

  2. dmontngrey Says:

    Keep the COBRA subsidy in mind if he is laid off. An involuntary loss of job/benefits entitles you to pay just 35% of the premium for 9 months. I'm not sure if you currently contribute anything towards your coverage, but at my office this 35% is working out to LESS than folks normally pay. Just by a few dollars - but still.

    I certainly hope it doesn't come down to it, but COBRA will be your best bet for insurance with that subsidy in place.

  3. monkeymama Says:

    http://list.calcpa.org/t/28575/14737884/14299/0/
    Yeah - I came back to post a link about the subsidy.

  4. ceejay74 Says:

    dmontngrey's got a good point--plus, he could collect unemployment, for 33 weeks more than before, because the federal government will pick up the tab once benefits run out. Also, whatever benefit amount he's entitled to, he'll also get $25 more per week from the federal government--another stimulus perk. And at the end of the year, there's a tax break on the first few thousand of unemployment pay (I forget how much).

  5. whitestripe Says:

    i will keep you guys in my thoughts - stay positive.

  6. thriftorama Says:

    Well, he didn't get laid off today, but it was announced that 5 percent of the employees in his division would be laid off in the coming weeks/months. We talked about it. If they do it by qualifications and certifications, he will be fine, but if they do it stricly by salary, he'll be the first cut.

  7. frugaltexan75 Says:

    I'm glad your DH escaped the layoffs today. I hope he continues to do so.

  8. whitestripe Says:

    they would be stupid to lay off your hubby then. imagine - if they cut him and some others they would be in strife, but if they cut others and NOT him, wouldn't they be better off productivity-wise?

    *sigh* it's these things you wish you could argue and bargain with, but it's a waiting game, and the decisions are made without anyone elses input, especially the people concerneed. wishing you all the best.

  9. baselle Says:

    I thought I had it rough - I glad your DH escaped. My fingers are crossed that DH's workplace is rational, but that might be too much to hope for these days.

  10. boomeyers Says:

    Fingers crossed! Keep us posted! I can't imagine how stressful a workplace that would be!

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