4 ms·
I had COBRA for many months from my former employer (worked well, very expensive). Then I found an excellent broker in the Atlanta area and got a good HSA plan
by mattculbreth 17y ago
I had COBRA for many months from my former employer (worked well, very expensive). Then I found an excellent broker in the Atlanta area and got a good HSA plan from Aetna. So far so good, much cheaper, provided we don't have claims.
- garnet7 17y agoWhen I've had the option in the past of using COBRA, it's always been so astronomically expensive that I've passed, and instead taken out a policy elsewhere. My guess has always been that COBRA is probably something that's required by law for employers to offer, but there's probably some loophole somewhere that allows them to price it so high that very few people actual take them up on it.
- modoc 17y agoThe pricing for COBRA is the same price that your plan cost overall through the company (I think maybe they can charge an additional 5% to cover administration costs). So you're just seeing the true cost of the plan your old employer provided. They can't jack up the price on you.
- ShabbyDoo 17y agoThe other problem is that you're seeing the AVERAGE cost of the plan. So, while you as a 20-something single guy would get a great rate from Aetna/whoever, you're paying for old fat smoker when you go with COBRA. I've bought insurance through Cleveland's COSE (Council of Smaller Enterprises) in the past. Pretty expensive, but really good coverage (I have a family).