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Do people actually sign up for COBRA? Last time I quit a job it was like $3000/month. I took my chances instead.
by jrockway 3y ago
Do people actually sign up for COBRA? Last time I quit a job it was like $3000/month. I took my chances instead.
- koolba 3y agoCOBRA is simply the full price of the plan plus a small (~2%) premium. The “better” your coverage was while employed, the more expensive your COBRA plan payment would be because you’re paying for the whole thing.
- sudosysgen 3y agoNot quite, you pay a lot more because it's not deductible.
- curioussavage 3y agoOnly stupid people like me. I paid tens of thousands for cobra coverage. Never again. Nearly ruined me
- alistairSH 3y agoWhat’s your other option? Are equivalent plans on the health care marketplace any less expensive? Or, would you go without? The latter might work ok if you’re young, single, and don’t have much to lose. For a parent, with a mortgage, and a spouse, and whatever else, that’s a giant risk to take.