7 ms·

As I recall, COBRA is pretty expensive.

tlrobinson 6y ago
I believe it's just the full cost of the plan you were already on, the sum of what you and your employer were paying for it. So it can be expensive if your employer was paying a lot for it.
- lonelappde 6y ago
  It can seem expensive if you ignored the compensation your employer was paying while you were employed.
  - brewdad 6y ago
    I think I've only had one job where the employer funded $ amount of my health plan was actually spelled out. My expected contribution was always made known at enrollment time but the employer contribution was left to blind speculation.
    - deleted 6y ago
      [deleted]
    - tlrobinson 6y ago
      FWIW "Employer Paid Benefits" are shown on TriNet pay statements. TriNet is a fairly common PEO among startups.
  - weaksauce 6y ago
    for someone that just lost their job having to pay basically double what you were paying for health insurance it certainly is expensive from their pov. health care in america is not something any other country would ask to have save some esoteric elective surgery out of pocket if you are rich.
bluedino 6y ago
They wanted like $1400/month for family coverage when I left my last job. I rolled the dice and went without it. It's available retroactively so if you need it later you can sign up for it.
- jeromegv 6y ago
  The crazyness of the best country in the world. "I rolled the dice!". This looks insane to any non-American.
  - ryanianian 6y ago
    Oh it looks insane to Americans too.
  - vinay427 6y ago
    Unfortunately not to some here in Switzerland. The average adult here pays around $350 USD/month for just their coverage, according to official statistics. The total cost for a family might end up less than $1400, but not by much. Edited to add source: https://www.swissinfo.ch/eng/society/new-method_health-insurance-premiums-to-increase--but-less-steeply/44421116 https://www.swissinfo.ch/eng/society/new-method_health-insur...
    - arcticbull 6y ago
      A COBRA plan can be about ~$500-1000 for an individual in the US. A family can reach $2000-5000/month. Then, you are still sometimes left holding the bag for deductibles, co-pays, co-insurance and annual out-of-pocket maximums. Old but not way off: [1]. Some folks are better off on the private markets, especially exchanges. [1] https://www.bankrate.com/finance/insurance/cobra-health-insurance.aspx https://www.bankrate.com/finance/insurance/cobra-health-insu...
      - dragonwriter 6y ago
        > A COBRA plan can be about ~$500-1000 for an individual in the US. A A COBRA plan is just continuation of the same plan, at the same cost (except that the ex-employee now covers whatever part was paid by the employer), as you had when employed. > Some folks are better off on the private markets, especially exchanges. Rarely for an equivalent quality plan if they were in a large group plan, which are usually better than individual plans, even exchange plans, on a cost/benefit basis. Excluding, of course, consideration of exchange subsidies if the ex-employee would qualify based on their reduced income.

I believe it's just the full cost of the plan you were already on, the sum of what you and your employer were paying for it. So it can be expensive if your employer was paying a lot for it.

lonelappde 6y ago
It can seem expensive if you ignored the compensation your employer was paying while you were employed.
- brewdad 6y ago
  I think I've only had one job where the employer funded $ amount of my health plan was actually spelled out. My expected contribution was always made known at enrollment time but the employer contribution was left to blind speculation.
  - deleted 6y ago
    [deleted]
  - tlrobinson 6y ago
    FWIW "Employer Paid Benefits" are shown on TriNet pay statements. TriNet is a fairly common PEO among startups.
- weaksauce 6y ago
  for someone that just lost their job having to pay basically double what you were paying for health insurance it certainly is expensive from their pov. health care in america is not something any other country would ask to have save some esoteric elective surgery out of pocket if you are rich.

bluedino 6y ago

They wanted like $1400/month for family coverage when I left my last job. I rolled the dice and went without it. It's available retroactively so if you need it later you can sign up for it.

jeromegv 6y ago
The crazyness of the best country in the world. "I rolled the dice!". This looks insane to any non-American.
- ryanianian 6y ago
  Oh it looks insane to Americans too.
- vinay427 6y ago
  Unfortunately not to some here in Switzerland. The average adult here pays around $350 USD/month for just their coverage, according to official statistics. The total cost for a family might end up less than $1400, but not by much. Edited to add source: https://www.swissinfo.ch/eng/society/new-method_health-insurance-premiums-to-increase--but-less-steeply/44421116 https://www.swissinfo.ch/eng/society/new-method_health-insur...
  - arcticbull 6y ago
    A COBRA plan can be about ~$500-1000 for an individual in the US. A family can reach $2000-5000/month. Then, you are still sometimes left holding the bag for deductibles, co-pays, co-insurance and annual out-of-pocket maximums. Old but not way off: [1]. Some folks are better off on the private markets, especially exchanges. [1] https://www.bankrate.com/finance/insurance/cobra-health-insurance.aspx https://www.bankrate.com/finance/insurance/cobra-health-insu...
    - dragonwriter 6y ago
      > A COBRA plan can be about ~$500-1000 for an individual in the US. A A COBRA plan is just continuation of the same plan, at the same cost (except that the ex-employee now covers whatever part was paid by the employer), as you had when employed. > Some folks are better off on the private markets, especially exchanges. Rarely for an equivalent quality plan if they were in a large group plan, which are usually better than individual plans, even exchange plans, on a cost/benefit basis. Excluding, of course, consideration of exchange subsidies if the ex-employee would qualify based on their reduced income.