Insured Losses
About 10 years ago, I got a part-time job that miraculously offered health insurance. Unfortunately, the paperwork they gave me when I started only listed the insurance rates for full-time employees, which was something like $60 a paycheck. I didn’t even realize there would be a difference for me until I got my first paycheck and it totaled about $20.
I called HR in panic mode certain that there must be some mistake only to be informed that for the number of hours I was working, health insurance was $400 per paycheck. And no, I couldn’t cancel my enrollment unless I had a “qualifying life event.” I took home $20 paychecks for four months until open enrollment ended when I could finally cancel.
Luckily, I had another job at the time so I wasn’t out on the street, but it certainly taught me a lesson about carefully reading paperwork.