4 ms·
COBRA lets you pay the full premium to continue. If your company has been covering 80% or more, the premiums alone will be insane. Also this comes at a time w
by freedomben 11mo ago
COBRA lets you pay the full premium to continue. If your company has been covering 80% or more, the premiums alone will be insane. Also this comes at a time when you just lost your job...
- peterbecich 11mo agoI realize COBRA is the full premium. My claim is that, if company coverage is lost in the middle of an expensive treatment, COBRA is more affordable than the out-of-pocket cost. COBRA is older than ACA. Special enrollment in ACA under the job loss enrollment period exemption may be a better option than COBRA.
- IAmBroom 11mo agoYour claim is that if they are independently wealthy, OR are willing to forego food and housing, COBRA will save them from unexpected healthcare costs.
- peterbecich 11mo agoI did not claim it would save from unexpected costs. The full premium is an unexpected cost. I claimed COBRA is more affordable than out-of-pocket healthcare if you are in the middle of an expensive treatment at the moment you lose employer coverage. Jumping onto ACA via unemployment exemption or Medicaid could require a transfer to a different doctor, etc. in the middle of treatment.