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You get to keep your insurance even when you're let go, until you find another job, but you do have to pay out of pocket for it. Probably this expense should be
by chrisco255 6y ago
You get to keep your insurance even when you're let go, until you find another job, but you do have to pay out of pocket for it. Probably this expense should be covered by unemployment insurance or something similar.
- claudeganon 6y agoThe average person has little ability to pay out of pocket for COBRA in the event they lose a job. The pandemic is demonstrating this right now. For a family, you’re looking at at least $2000 a month.
- thephyber 6y ago> Probably this expense should be covered by unemployment insurance or something similar. A better solution is to stop deductions for employer-sponsored healthcare and shift the expense from the employer to the employee with a mandate that old employer health insurance premiums be passed on to employees as wages. That deduction is the largest lever when it comes to the cost of health insurance (short of bad IP policy and regulation of pharma products).
- TheCoelacanth 6y agoThat's what average people refer to as "losing your insurance". They don't have enough money to pay for insurance out of pocket, especially after they have lost their job.