Appreciate your swift response Anil.
This blog is definitely and awesome place to help us refrain from a lot of visa related myths.
Is it good to wait for H1B premium processing suspension to get over and then file H1B extension?
Another thing I would like to hear from you is, Is it a good idea to wait for sometime and file for all the 3 extensions after Feb 2019(when the premium processing resumes) , which according to you is going to take less than a month.
On the other hand, H1B application can be upgraded to premium anytime after filing it but the problem you will face is with H4 and H4EAD. H4 and H4 EAD do not have any premium processing option on their own.
So, the idea is good to wait until the premium processing returns.
But, remember, there is no guarantee the USCIS will not extend the suspension.
I would say that wait for DHS decision movement on H4EAD and then decide course of action in Jan.