3 ms·
> The bigger problem is that in the USA healthcare is tied to employment. That's messed up True but COBRA coverage lets you pay to stay on your job-based healt
by menzoic 4y ago
> The bigger problem is that in the USA healthcare is tied to employment. That's messed up
True but COBRA coverage lets you pay to stay on your job-based health insurance (cheaper) for a limited time after your job ends (usually 18 months).
https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/faqs/cobra-continuation-health-coverage-consumer.pdf https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-a...
- ChrisMarshallNY 4y agoIn my experience, COBRA is not cheaper, because you end up paying the company's part, as well as your own, and you suddenly realize how much of the load they carried. I live in a state with a pretty damn good Obamacare implementation, and I'm quite grateful.
- buffington 4y agoIn my experience, COBRA ends up costing about 2.5x for employees who've left a company that subsidizes their insurance premiums. Perhaps it's more reasonable if it's for a single young person with a high deductible. The last time I was on COBRA, the cost was unbelievable. For a family of 4, it was over $3k per month, and that was 5 years ago.