COBRA premium rates?
Sep 8, 2006
I'm thinking of leaving my job, going back to school and/or working free lance (how's that for poz-optimism).
How can I find out exactly what my COBRA premiums would be? My employer of 5 yrs recently gave out info on employee and employer costs for the health plan. Is that total amount what I would pay to extend the coverage for 18 months via COBRA, or could it be more? Am I right that if these rates get negotiated up later between the insurer and employer, I'd pay the higher rate? thanks
Response from Ms. Franzoi
COBRA rates are 102% of the total premium. If the information your employer gave you shows the total premium for your coverage broken down by your cost and the employer's cost, your COBRA rate would be 102% of the total premium. As the overall cost increases (usually annually), your COBRA cost would increase.
Get Email Notifications When This Forum Updates or Subscribe With RSS
This forum is designed for educational purposes only, and experts are not rendering medical, mental health, legal or other professional advice or services. If you have or suspect you may have a medical, mental health, legal or other problem that requires advice, consult your own caregiver, attorney or other qualified professional.
Experts appearing on this page are independent and are solely responsible for editing and fact-checking their material. Neither TheBody.com nor any advertiser is the publisher or speaker of posted visitors' questions or the experts' material.