Does anyone know what the rates are for COBRA ?
3 replies (most recent on top)
Healthcare.gov plans and rates very by state and age. If you are young, your rates will be low in the marketplace. If you are 40+, 50+, or 60+, the rates go up significantly. I am in my mid 50s and found that the marketplace rates were MUCH higher ($1200/month) and coverage MUCH worse (no PPO's available at all, deductibles around $6K or more) than sticking with my employer's plan (PPO, $250 deductible) by taking COBRA at $1000/month. However, my younger colleagues, in their 20's or early 30s, found that the marketplace had cheaper rates than COBRA.
It looks like bank pays 80%. So if you’re paying $400 monthly, bank pays $1600.
Plus 2%. $2k plus a month for health care? And I am on cheapest plan.
Save me Obama care!
It’s typically 102% of the full premium. So calculate how much you pay + employer paid portion from your W2.