Losing my job in 2 weeks

[Anonymous]

Is there anything I should do before I lose it? Make a dentist appointment, because I'm not keeping dental insurance. Is there anything else? Like apply for a credit card, because I won't be able to get one once I'm unemployed? I don't know. I can't think of what the other things might be. Please help me brainstorm.

[Anonymous]

If you have an FSA load up on OTC products.
Apply for the card.

[Anonymous]

Sure. Depending on your situation, have a wellness check while you have insurance coverage, go the dentist. Open a credit card/credit line if you need it.

Set up some informational interviews. Update resume. Apply for jobs. Cancel unnecessary subscriptions.

Depending on the job, make sure your contacts have your non-work contact information. Connect with people on LinkedIn. Ask people to be your professional references.

[Anonymous]

This is OP. I hadn't thought about my FSA and my dependent care account (I can't remember what that one is called). What happens with those? I'm positive that I can only spend from the dependent care account what I've paid into it, because I know I have tried to get reimbursement before the end of the year, and they won't reimburse the full $5000. So I guess I will just get what I get from that. What happens with FSA?

[Anonymous]

Check with your specific vendor, but you should have 90 days after your last day to submit receipts for reimbursement.

[Anonymous]

OP again. I've used all of my medical FSA, so never mind on that. I have not submitted anything for the child care one. Do I have to submit that before I leave the job?

[Anonymous]

Anonymous wrote:Check with your specific vendor, but you should have 90 days after your last day to submit receipts for reimbursement.

Ok. Thank you.

[Anonymous]

If you have a work computer make sure to delete anything personal. Also clear your browsing history.

[Anonymous]

Anonymous wrote:This is OP. I hadn't thought about my FSA and my dependent care account (I can't remember what that one is called). What happens with those? I'm positive that I can only spend from the dependent care account what I've paid into it, because I know I have tried to get reimbursement before the end of the year, and they won't reimburse the full $5000. So I guess I will just get what I get from that. What happens with FSA?

Your FSA and dependent care expenses are yours to claim from for expenses incurred during the covered time. You have till the end of the year to do so. You can only spend upto the limit of your contribution.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is OP. I hadn't thought about my FSA and my dependent care account (I can't remember what that one is called). What happens with those? I'm positive that I can only spend from the dependent care account what I've paid into it, because I know I have tried to get reimbursement before the end of the year, and they won't reimburse the full $5000. So I guess I will just get what I get from that. What happens with FSA?

Your FSA and dependent care expenses are yours to claim from for expenses incurred during the covered time. You have till the end of the year to do so. You can only spend upto the limit of your contribution.

Confirm with HR. Many companies only allow you to submit claims against the FSA for a certain period after termination. Expenses have to be incurred while you’re actively working.

[Anonymous]

Anonymous wrote:Is there anything I should do before I lose it? Make a dentist appointment, because I'm not keeping dental insurance. Is there anything else? Like apply for a credit card, because I won't be able to get one once I'm unemployed? I don't know. I can't think of what the other things might be. Please help me brainstorm.

I'm sorry OP. Yes, dental, eye doctor if needed, wellness check.

[Anonymous]

Sorry OP. You’re smart to think ahead.

[Anonymous]

If you own an home, open a HELOC if you don’t already have one. Use it as a “ break glass” option if needed.

[Anonymous]

You should also plan on how to cut expenses, such as not eating out at restaurants, and taking your trash to the county dump instead of paying for garbage collection.

[Anonymous]

Anonymous wrote:If you own an home, open a HELOC if you don’t already have one. Use it as a “ break glass” option if needed.

Is there any downside to doing this?