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COBRA is equally or even more expensive than private insurance at times. COBRA just guarantees that you get to keep the same insurance/coverage that you had wit
by codegeek 6y ago
COBRA is equally or even more expensive than private insurance at times. COBRA just guarantees that you get to keep the same insurance/coverage that you had with your employer but now you pay all costs out of pocket including employer portion which usually is a lot. To add to this, some employers charge an admin fee of 1-2% because they are managing this for you even after employment. So in total, you could pay upto 102% of the total cost of premiums.
- RhysU 6y ago102% of the premiums for 100% of the benefits for 0 time negotiating with the private market and with guaranteed coverage seems... fair?
- danielscrubs 6y ago” New study finds 45,000 deaths annually linked to lack of health coverage” https://news.harvard.edu/gazette/story/2009/09/new-study-finds-45000-deaths-annually-linked-to-lack-of-health-coverage/ https://news.harvard.edu/gazette/story/2009/09/new-study-fin...