How much does it generally cost to COBRA health insurance?

Question

My husband and I are moving to Florida from Maine, we were planning on him transferring with the same company to keep health insurance, but his employer is not being nice (they're refusing to transfer him unless he stays until their season is over...in November, we're leaving the end of September).

Anyway, our only option at having health insurance (unless his company comes around) is COBRA through my employer. The policy states that I must pay the group fee plus administrative fees. What I'm confused about is what the group fee is. Is the group fee what I normally pay bi-weekly? Or is it what my employer pays plus what I pay (about $700 bi-weekly)?

Answer 1

It's both.  What you're paying right now, PLUS what the employer is paying out of his pocket, plus a 2-5% admin fee on top of that.

Answer 2

I'm confused. How can he get COBRA through your work, and not through his own? Does he have double coverage now?

Anyway, to answer your question, on COBRA,  you will have your share and what the company's share was combined, plus 2%. See link below for detailed info.

Don

http://mtnhealthinsurance.com

  

Answer 3

I would like to suggest you get as much information as you could before taking action,here is a good place for that.http://health-insurance.onlinebestoffer....

Answer 4

Have you thought of an alternative to insurance, like a discount benefits company?  It might help you save some out of pocket money.