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I don't know all the details, but COBRA prices have always seemed exorbitant, likely to discourage people from doing this. In my early 20's, when I had about t
by axaxs 7y ago
I don't know all the details, but COBRA prices have always seemed exorbitant, likely to discourage people from doing this. In my early 20's, when I had about the worst health plan ever, COBRA was still hundreds of dollars a month. Out of pocket, I bought a plan for something like $45 a month instead. I have trouble believing what COBRA offers is the same price as what a company pays - and if it is, they are getting hosed big time.
- secabeen 7y agoCOBRA prices are exactly what the company + the employee pay, plus 3% for administrative overhead. What it illuminates is just exactly how much health care costs combined, even when the number the employee is paying is large, but manageable. Employers now document their insurance costs for each employee on their W-2 forms, in case you want to see how much yours is paying for you.
- axaxs 7y agoThanks for the insight, I'd always wondered. Now I find it even slightly more depressing.