Do you include COBRA costs in your emergency savings?

[Backroads]

To begin, we are not at this point. We both are still employed (technically, yours truly was told she was getting dropped due to low enrollment, a month ago, haven't seen paperwork yet, but anyway is covered through the summer.)

However, with all the talk these days of "did you save enough for emergencies?" got me thinking. My daughter's meds cost more in a month than I make in a year.

In your 30 day-3 month-6-month-what have you emergency fund stash, do you factor in the coat of COBRA or other insurance?

[Still_Small_Voice]

In my experience the costs of continued health insurance through Consolidated Omnibus Budget Reconciliation Act were always too high for me to afford.  Unless I am in need of health care I know will be coming soon I just let the coverage lapse.

[NeuroTypical]

On 3/27/2020 at 5:25 AM, Backroads said:

In your 30 day-3 month-6-month-what have you emergency fund stash, do you factor in the coat of COBRA or other insurance?

Absolutely.  If you're going to spend money on it while unemployed, you add it to the total that you are saving up against.  Same for life insurance premiums, car payments, cell phones and data plans, etc.  

Edited March 31, 2020 by NeuroTypical

[NeuroTypical]

On 3/27/2020 at 5:25 AM, Backroads said:

In your 30 day-3 month-6-month-what have you emergency fund stash, do you factor in the coat of COBRA or other insurance?

Absolutely.  If you're going to spend money on it while unemployed, you add it to the total that you are saving up against. Same for life insurance premiums, cell phones and data plans, car payments, etc.