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If you've been laid off, you may be offered COBRA or Mini-COBRA which allows you to continue the health insurance coverage provided by your former employer. COBRA is for a business with at least 20 employees while Mini-COBRA is for a small business with between 2 and 19 employees.
What is COBRA? For people who work in businesses in Pennsylvania with 20 or more employees, there is a federal COBRA law. COBRA benefits generally extend health coverage under the business's insurance plan for 18 months. What benefits must be covered under COBRA?
COBRA coverage is expensive because your employer is no longer contributing towards the cost. You may want to contact a local exchange assister to determine to review all the options available to you for health insurance coverage.
7 mar 2024 · The average monthly cost of COBRA Insurance premiums ranges from $400 to $700 per individual. No Pre-Existing Conditions? If you do not have pre-existing conditions, visit the health enrollment center to learn about private marketplace plans that are more affordable than COBRA continuation.
19 sie 2023 · How much is COBRA insurance? Learn to calculate your COBRA health insurance premiums and why COBRA costs more than job-based health insurance.
26 wrz 2024 · When on COBRA, you’re responsible for the entire cost of your coverage, plus an administrative fee. Consider the following to estimate how much COBRA insurance will cost you:
Calculate your projected monthly COBRA cost using our online tool or beginning with last year’s W-2 form for insurance deductions and employer contributions.
