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That's been happening forever. Have you ever wondered why the law that says you can keep your healthcare when you leave your job is called the Combined Omnibus
by spinlock 10y ago
That's been happening forever. Have you ever wondered why the law that says you can keep your healthcare when you leave your job is called the Combined Omnibus Budget Reconciliation Act (COBRA)?
- mrfusion 10y agoIf it's cheaper for employers to buy insurance why is cobra always so expensive?
- spinlock 10y agoIt's not cheaper for your employer. Your employer will typically cover some of the cost of health care then leave the rest for you to cover. When you leave a job, you have to pay both the premium you've been paying plus the premium your former employer had been paying. COBRA is not a free lunch. It just means you're allowed to order off of the same menu as your former employer.