Medicated Money

Friday, July 07, 2006

A Sort Of Homecoming

“Making a success of the job at hand is the best step toward the kind you want.” -Bernard M. Baruch

After receiving their first offer, I wanted to negotiate a few of the details such as a relocation package and health care. I needed to determine the cost of COBRA for the 3 months that we would have no insurance if we decided to switch jobs. After contacting HR, it was determined that the total cost was about $800/month for Mrs. Medicated and I. We are planning on moving ourselves, so I figured about $2,000 for this. All in all, I figured $5,000 would be a nice combined package. After discussing these findings with the prospective employer, I assumed that at least they would offer half of this estimate. They said that they would definitely pick up the medical insurance; unfortunately, they were not able to offer a relocation package due to limitation in the budget. At this point, I asked for a day to think everything over again. We again went through all of the pros and con; and in the end, we kept coming up with the same conclusion. So, we are excited to announce that we are going to accept the position. We definitely are excited for the opportunity. Overall, the deciding factor was the possibility for growth as well as the chance to be closer to family and friends.

We notified them yesterday afternoon of our decision. Today we began telling some of our current work colleagues. We are planning for an early September start date which should allow us to complete the necessary paperwork such as medical licensing, credentialing with the hospital, and all of the other stacks and stacks of paperwork that is required.

In our next post, we need to determine what all of this means to our financial goals, but for today, we are going to take a night off from all of this financial business and celebrate!!

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