Sentences with phrase «of the cobra premium»

I have 2 months of COBRA premium coverage courtesy of my former employer before I'm on my own.

Not exact matches

However, you may be eligible to continue this coverage for 18 months through COBRA continuation coverage if you're willing to pay both your share of the premiums and the part of the premiums your employer had been paying.

Often, however — particularly in situations where your former employer picked up some or all of your health premiums — you may find your COBRA payments to be more than you can afford.

So although your special enrollment period will give you the option of enrolling outside the exchange if you prefer, you can't get a subsidy to help pay for health insurance not purchased through your exchange (that includes COBRA; if you opt to keep your coverage via COBRA, you'll have to pay the full premium yourself).

Your monthly COBRA premiums will be the total cost of your health plan premium plus a 2 percent service charge.

This initial COBRA premium payment will be larger than subsequent monthly payments since it usually covers more than one month of health insurance coverage.

Your Initial COBRA premium must be paid within 45 days of the time you elect COBRA coverage.

With COBRA, your spouse's employer is no longer paying part of your health insurance premium each month.

For example, if you lose coverage on May 1 and mail your COBRA election form on June 15, your initial premium must be paid within 45 days of June 15.

But, although many people know that COBRA is expensive, few realize the cost of paying full premiums and administrative fees for this insurance solution.

COBRA premiums can make the continuation of existing health coverage impractical, especially if the federal government doesn't reinstate subsidies that provide for 65 % of these premium costs.

COBRA and unemployment benefits are taxable, as well — Regardless of whether an employee resigned or was terminated, sometimes former employers pay health premiums or reimburse their former employees» insurance premiums for a period of time.