5 ms·
COBRA covers you (costs go up precisely 1%) When I was on COBRA, my out-of-pocket costs went up significantly more than 1% (compared to what I was paying for t
by Anechoic 14y ago
COBRA covers you (costs go up precisely 1%)
When I was on COBRA, my out-of-pocket costs went up significantly more than 1% (compared to what I was paying for the same policy when I was employed).
Anechoic is right - anyone claiming they can't start a business in MA due to employer sponsored healthcare is just making excuses.
I didn't say that.
- yummyfajitas 14y agoYour out of pocket costs may have gone up, but that's an arbitrary distinction. The total cost of cobra is precisely 101% of the cost of health insurance provided to your employer. Now, it's possible your employer was giving you $Z worth of benefits but making you deduct $Y from your wages for it, and $Z > $Y. All this means is that your comp (and hence the opportunity cost of starting a business) was higher than you realized.