I was working as a regular employee for a huge company A for many years.
I was recently laid off. I found another job with a small consulting firm B (which just puts people on its the pay roll, the actual work is for another big client C who I found myself).
The company B is just a pass through, it takes it cut from the hourly rate offered by C and runs the payroll, etc. It does a Health insurance plan (with 2 different options) but does not subsidize it at all.
Now I am considering my best options for Health Insurance.
- Option one, I can sign up for Cobra offered by A (good for 18 months) but I pay the full prize now and not the employer A subsidized price. or
- Option two, I can select one of the options offered by B.
Looking at the prices and deductibles etc, I like the Cobra option from A (as it was a much bigger company than B).
Is there any way I can pay for that option using pre tax dollars from employer B (they do provide HSA if it helps in any way)?
If yes, then how?
If no, then should I compare the Options one and two, using post tax dollars for one and pre tax dollars for two, taking into account their actual costs to me?
thanks.
Pardon me, if I am making any wrong assumptions here. I have never dealt with this stuff before.
