COBRA Insurance Cost, Coverage & Rules Explained Here!
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Before buying COBRA medical insurance, consider Cobra alternatives.
There are seven different “qualifying events” that trigger COBRA:
How Does Cobra Insurance Work?
COBRA costs the total amount of the health plan plus a 2% service fee…. for example if you previously paid $250 every 2 weeks and your employer contributed $400 every 2 weeks for your health plan THEN YOUR total cost would be $1300 monthly plus a $26 monthly service fee for a total of $1326.00 monthly..
Cobra insurance is on average 70% higher than what is found on the private market. You will pay 102% of the premium with Cobra Insurance. If you were not enrolled in a dental or vision plan with your employer than you cannot enroll in those plans under Cobra.
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