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COBRA premium grossly expensive

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Posted by Diane on August 18, 2008 at 15:38:22:

I was let go from my job a week ago. The COBRA information I was provided by my former employer states that my cost to continue being covered is nearly $900 a month, which is half of what my monthly salary was. I can't believe it's so expensive!

I was on COBRA about 6 years ago and it was $170 a month. What is it that accounts for such a drastic difference, and do I have any options? I'm investigating other plans, but I simply cannot afford private insurance (as much as I would love to be able to pay for it). My primary concerns at this point are for my medications, which I need to take every day.

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Re: COBRA premium grossly expensive Joe 14:34:28 8/20/2010 (0)

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: I was let go from my job a week ago. The COBRA information I was provided by my former employer states that my cost to continue being covered is nearly $900 a month, which is half of what my monthly salary was. I can't believe it's so expensive! : I was on COBRA about 6 years ago and it was $170 a month. What is it that accounts for such a drastic difference, and do I have any options? I'm investigating other plans, but I simply cannot afford private insurance (as much as I would love to be able to pay for it). My primary concerns at this point are for my medications, which I need to take every day.

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