I was laid off from a seasonal job at the end of April. I did not, apparently, read the fine print because although I have earned $951.74 in benefits on my medical debit card, I cannot use this money because it has been over 30 days since I was laid off. My option is now to lose the money or pay a COBRA premium for two months of $237.45 each month to use that money. The money from the premium payment will go to my debit account, except for 2% which will go to them for administrative costs. Essentially, I will be paying over half of what I have in that account in order to have access to those funds I already have! Then I must use the rest quickly before I am terminated (I would not pay for another month).
Has anyone heard of this craziness? I'm sick over it. Seems like a racket to me. I though I had untill october to use the money I already have in that account.
-Kaye
