Aspiring to be
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- Nov 13, 2002
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" Additionally, your Health coverage does not cease the moment you walk out the door. You have the exact same coverages through the remainder of the month on your current premium/copay and then for another 180 days after that under COBRA. It is a federal program that allows you to continue with existing coverages for 6 months but at much higher premiums. A great Program instituted without thought by Clinton that out of work people can't afford higher insurance premiums while looking for a new job.____________________________________________
Good info except COBRA runs for 18 months. The cost I believe is restricted to 103% of the total cost prior to leaving the company. The increase in expense is due mainly to the fact that you are paying the whole bill and not a small employee part.
Good info except COBRA runs for 18 months. The cost I believe is restricted to 103% of the total cost prior to leaving the company. The increase in expense is due mainly to the fact that you are paying the whole bill and not a small employee part.