Thread regarding Chevron Corp. layoffs

@pd, just for clarity, while you don’t need to elect to take COBRA coverage right away, if you do retroactively take it, you have to pay the premiums all the way back to when you became eligible (lost your job / quit), not only from when you elect to take it.

During the 2020 layoffs cobra was covered as if you were still an employee and ran for 18 months. Normally you would be responsible for the employee and company portion of the monthly premiums. If they do not cover it for you as they did in 2020, it is a bit expensive though you do not have to claim it immediately and it is retroactive from when you elect to take the coverage.

COBRA is very expensive.

Thanks @f5+1wfc1Tmz for the helpful info! 😃

@d1, the COBRA cost will be the total cost of insurance (your portion plus employer, plus a 2% admin fee). You can find the employers cost on your Total Rewards page where it shows the estimated annual employer’s portion of “Health”.

If laid off, Chevron will likely pay their share for 6 months, after which if you want to continue, you will have to take over the full cost.

Does anyone know the cost for COBRA for a single person for the PPO option? Thanks

I recently retired from CVX and had to pay for COBRA for one month until Medicare kicked in. The cost for the low deductible PPO plan with dental and vision was about $1500/mo. Luckily, we only had to do this for one month.

So sorry to hear this OP. Just wanted to say I’ll be praying for you and sending strength 🙏

Cobra coverage is the extension of your existing company-provided insurance but typically at FULL cost to the employee, instead of being subsidized by the employer when an employee is no longer employed. You will find that it is quite costly to pay for the company provided insurance completely on your own. As a benefit, during the last couple of layoffs, CVX paid for this coverage in full for a period, I think it was one year as posted below. Most companies do not pay for it at all, you have to pay for it yourself. It is not required by law that the company pay for it, only that it is offered to you.

OP: So sorry to hear that you are dealing with cancer in addition to what is happening at work.

Unfortunately I don’t know anything about COBRA, though I agree with the comment to not share specifics if you do reach out to HR (“trust no one” may sound paranoid, but we’ve all seen what these lovely folks are capable of).

I simply wanted to offer you some moral support. Your health and well-being are of paramount importance. Do whatever you need to safeguard those. Best wishes to you.

In 2020 Chevron Cobra was initially for one year where Chevron allowed the now ex employee to have the same insurance they had for the same employee cost + a handling fee of, I think, 10 or 20% of your portion. Overall well worth it. If Cobra extended past the one year I did not utilize. If have enough points you can still get insurance through Chevron as a retiree and those plans vary in cost and are a different plan.

Sorry to hear about this. Like you need any more stress.

COBRA is federally mandated for now. I believe it is for 18 months. The Company can choose to extend it as I believe they did in 2020 due to "special circumstances." Any Company contribution (contribution was just for six months in the past??) will be spelled out when they figure this mess out. I've heard in the past through others that it can cost around $1,000 per month for an individual and spouse. Dependents are more. Worst case is likely adding the current Company Contribution to your contribution and multiplying by 102%.

Check this webpage out for real information. I wouldn't rely on this forum.
https://www.dol.gov/general/topic/health-plans/cobra

You can check with your HR Business Partner but they'll probably refer you elsewhere. Don't trust them with your current health condition, be very generic about just planning.