What is the current cost of Cobra insurance for those getting layed off, I opted for individual insurance in the market place when I got layed off but I am going to be paying about 650 a month for very high deductible this year, I wish I had stayed with the Cobra.
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Through private insurance full PPO plan..
I paid a hair over $2000 for 4 months, but now paying $300 a month for same insurance including dental and vision.
FYI . . . . the monthly deductions from my paycheck were ~$350, COBRA for the same coverage, Blue Cross Blue Shield HMO is $566. I was "lucky", I looked at the marketplace (didn't qualify for Affordable Care Act because I had earned over the limit) Humana, Kelsey-Seybold, etc. and they were also more expensive than COBRA.
Joining http://www.hpalumni.org/ could help you out a lot since there are a host of former employees there who have gone through the process.
the amount you pay for COBRA is the unadjusted amount from when the company + you were paying.
differences are
a) it's no longer pre-tax; but post-tax (so the bite out of your actual cash is going to be more
b) your company isn't picking up any of the tab; so that's all you as well.
You have to make a decision to go on COBRA within a month of being separating from your company; and then remit payments within about 60 more days (+/- -- it's in the legislation and it's an IRS rule; so no wiggle room).
So, if you were laid off > 3 months ago, chances are you're not eligible for COBRA