COBRA Health plan Advice for Individuals and Small Businesses

Re: COBRA premium grossly expensive

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Posted by Joe on August 20, 2010 at 14:34:28:

In Reply to: COBRA premium grossly expensive posted by Diane on August 18, 2008 at 15:38:22:

Diane

Sadly, if you were let go about 1.5 months later, you would have qualified for the 65% COBRA subsidy. 6-8 years ago, healthcare was much cheaper, the government hadn't boosted or subsidized health care into the stratosphere.

Joe

Temporary Health Insurance Plans

: 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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Subject: Re: Re: COBRA premium grossly expensive

Comments:
: Diane : : Sadly, if you were let go about 1.5 months later, you would have qualified for the 65% COBRA subsidy. 6-8 years ago, healthcare was much cheaper, the government hadn't boosted or subsidized health care into the stratosphere. : : Joe : : <A href="http://www.deferred.com/temporaryhealthcoverage.htm">Temporary Health Insurance Plans</a> : : : 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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