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Cobra - MTr


Posted: Nov 08, 2011

Anyone let go or quit that applied for Cobra.  If so, how much did it cost, or percentage of what we pay anyway.  Thanks in advance

COBRA is INSANELY expensive. - MT

[ In Reply To ..]
I have 23+ years in MT alone and almost 30 years of work experience.

COBRA is notoriously expensive. The few times I was between jobs and without coverage I looked into COBRA, the high cost almost gave me a heart attack.

It's prohibitively expensive, and in fact I have never, ever known or heard of anyone who could afford it.

Cobra alternative - AnnieOakley

[ In Reply To ..]
Some of the insurance companies now offer a "temporary policy" say for 90 days. I think it is cheaper than Cobra, although somewhat high, and may not cover pre-existings. I think Humana has something like that.

Cobra Rates - anon

[ In Reply To ..]
Cobra premiums are calculated at 110% of the total premium. (This is a federal guideline, not the company's fault). Anyway, as an example, say you pay $100/month for coverage and your company pays $100/month for your coverage. Your Cobra cost would be $220/month--the total premium + 10%.


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