Add this $ 13 service charge the $ 650 premium cost and
your COBRA health insurance cost will be $ 663 per month.
How Much Does
COBRA Health Insurance Cost?
Not exact matches
If you are a healthy person then you can acquire an individual policy which will be more
cost effective than the
COBRA alternative to
health insurance.
Short - term
health insurance can also fill this gap at a lower
cost than
COBRA - ing.
An employer has thirty days to notify the
insurance company of your eligibility for
COBRA continuation of benefits, and the
insurance company then has fourteen days to provide you with information regarding the
costs and benefits of the
health care continuation coverage.
How much your
health insurance will
cost under
COBRA depends on how much that same
health plan
cost prior to switching to
COBRA coverage.
If your family is covered by a
health insurance policy through your employer, find out what the
costs for those premiums would be if they were to continue it through
COBRA.
Also, if you have problems getting
health insurance — for instance, if you just lost your
COBRA coverage you had from your old job — talk to an agent about how to make up the difference in your budget by reducing the
cost of your other coverages.
With the high
cost of
COBRA for the spouse who does not have their own
health care
insurance, some parties are better served by waiting until the unemployed spouse has achieved coverage through their new employer to complete the divorce process.