<prompt> Human: Hey everyone,I recently got laid off and am looking for some advice on severance options. I already have a job lined up, I have a week inbetween so I dont need to float for long. I also have a few months of savings so Im good in that regard. I was told I can take my severance in biweekly payments, same as my usual pay, or I can get a lump sum. Im getting 6 weeks of severance pay. I can also continue my medical coverage for 3 weeks or get a lump payment of the plans worth. Since I have a job lined up and savings I was going to take everything as a lump and just manage it myself, are there any downsides to this? Does anyone know how that would be taxed? Would it be a similar rate to my normal pay or would it be higher, more like a bonus? If I take it biweekly, and get paid from my new job at the same time, does that affect how it will be taxed? The medical I think I will take the cash value regardless, 3 weeks isnt really much and Im healthy, and I went for a checkup recently. Any advice is appreciated, thanks. Edit: turns out to get the lump medical payout I need to lump the severance as well, I cant separate them as I was initially told.  <response>: if you do a lump sum payment, the withholdings will probably be more than normal because the payroll system will think you make 3x as much as you really do. but that extra would be returned to you at tax time. 