COBRA analysis

Posted: Fri Feb 27, 2009 11:19 am Post Subject:

You can continue with your existing group health coverage for thirty six months even after leaving/losing the employment under the COBRA continuation act. And, for this time period you'd be responsible for paying the entire premium of the coverage along with the 2% administrative fees. Hence, COBRA may cause 100% increase in your health insurance cost.

Very recently I've written a post regarding cost of COBRA on my blog, you may wish to go through that as well.

Regards,
Juanita

Posted: Sat Feb 28, 2009 07:52 am Post Subject:

Well my friend, I may share with you some information regarding the cost of cobra-

* Cost of cobra would usually vary from one policy to another. Qualified beneficiaries would have a cost cap worth 102%.

* Premium hikes are commensurate with the plan cost but they are made to stay even throughout the year.

* Payments could be made once in a month, once in seven days or even quarterly.

* The beneficiaries are required to meet other costs associated with the plan e.g. deductibles and co-payments.

Thanks, Fatman