This forum post is hidden because you have chosen to ignore jacobirose. Show Details
This forum post is hidden because you have submitted an abuse report against it. Show Details
If you haven't found out yet what the COBRA premium would be, I would suggest that you first try to get the premium information from the insurance carrier, if they won't give it to you, then go to your employer. The reason I suggest this is because it's not a good idea for a new employee to ask their HR depart about COBRA premium payments as this may be taken as a tip off for the future, it's not supposed to be that way but we all know reality isn't always as it should be.
Another way to find out the premium: some employers give you a year end benefits analysis which would most likely include what the employer pays for each employee on the group plan (they usually pay for the greatest portion and it may be a lot of money these days). Many employers do this kind of yr end report to their EE's to show the extra value of being employed with them. If you received one at the end of the year, the full premium the employer pays may be on it. If it is, the COBRA premium is just a little higher, if I remember correctly, the premium is about 102% of what the employer pays for it. If you haven't been employed their long enough to have received the yr end 2008 analysis, you might ask your HR department to give you a sample copy, tell them you overheard some people talking about it and would like to see what all these extra values are. They will probably be very happy to provide you a generic copy that shows the amounts, if the generic copy doesn't show the amounts, it's only natural that you would ask what they might be. This approach would be better than being blunt approaching an employer to give you only the COBRA premiums.
One last thing, many states have laws that require when COBRA runs out (after 18 months) they will be guaranteed to get insurance (usually with Rx drug overage also), with one of the companies that participate in the states after COBRA guarantee program, I don't know about ILL but CA has several companies that participate, all with different premiums (they will probably offer both PPO and HMO, PPO's are by far the best, always get the PPO if you can afford it. Companies like Blue Shield and Blue Cross (the are separate companies) are usually the ones that are included in the participation.
when my cobra ran out i contacted insurance companies to get some prices.i was considered high risk.........and was denied by everyone but blue cross.......and then they said it would be 800 a month with 5,000 deductable or 1,000 a mo with 1.000 deductable....i believe i have the right figures.................but when i called a second time they would not cover me............they said to contact the state for their high risk policy...........that too was 800-1,000 a mo and it was only avaialable to a limited number in each area.........(county? i'm not sure).naturally i chose to save my money aside and pray i could stay healthy.............i was fortunate in that i made it through the 2+ years unscathed..........of any major problems......i would tell anyone to carefully check out all options....it's a call only the person involved can make as only you know your finances and priorities..the main thing for me was that i planned ahead and had no outstanding bills..............i was thrighty and it saved my butt !!!!!!! i stocked up on many things and did not use a credit card.........and still i did not deny myself anything i needed............it can be done.just plan ahead......good luck to anyone treading these waters.