Misconception #6 about COBRA

From Kiplinger

“Misconception #6: You can receive the COBRA subsidy the entire time you're covered by COBRA.

Federal law requires most companies with 20 or more employees to let former employees keep group health-insurance coverage for up to 18 months after they leave their jobs. But the 65% COBRA subsidy lasts for only nine months. After that, the premiums will jump back to the full price - and the average employer health-insurance plan costs $12,680 per year for family coverage, according to the Kaiser Family Foundation.

…. And COBRA does not apply if the company stops offering health coverage to current employees or shuts down entirely.”

So the average family would still have to pay $6,498.52 per year for COBRA and it is only valid for 18 months. Read more about COBRA

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