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How do you find the COBRA health care costs of current employer?
Let's say you are an employee at Yahoo and have a great health care insurance plan, but you are afraid of having a COBRA qualified event (like many other employees have had recently) and want to know how much your COBRA health care insurance plan is.
How can you find this amount out? A friend of mine at Yahoo tried to contact her insurance carrier and HR department anonymously, but they wouldn't tell her. Is there a legal requirement that companies should be forced to disclose this info to current employees?
- mechanical_fish 18y agoFind an employee who has recently quit or been fired? I have no better ideas. It's a very good question.
- kqr2 18y agoThey probably don't like to give out the rate since that's negotiated between Yahoo and its insurance carrier.
- skmurphy 18y agoWhat would you do with the information if you knew the answer? COBRA will be higher than your current employer's plan because your payment now includes the portion that they contribute.
- viggity 18y agoI was on COBRA two years ago, and if I recall correctly I was paying $500-$600 per month for me and my wife. So it is definitely not cheap. Accenture had pretty good benefits but they weren't extravagant. Remember, there are time limits on COBRA, if you plan on quiting, you're only eligible for 18 months of COBRA coverage. If you are in good health, I'd recommend finding your own coverage.
- cdibona 18y agoYou should worry more about what happens when cobra runs out..because If you or someone who is dependent on you has a history of -anything- the insurance company can ratchet it up to the maximum allowed by the insurance commission. A few years back this meant ~2k/month for a family of 4. The only comfort is that they -have- to offer you something.