Quote:
Originally posted by Replaced_Texan
I have a very nice self-funded policy through large employer (I'm estimating about 50,000 people are covered through the plan), and I don't pay a cent for it. $287.78 is the total cost per month paid by my employer for my health insurance according to my pay stub. My benefits providedb by my employer include the drug benefits and mental health coverage. I just ran the "find a quote" tool through the insurance company that administers the plan and the plan came to $555 as my standard monthly premium with similar benefits. Of course, if I wanted to skip the drug benefits, I could pay $419 a month.
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I guess it varies from state to state because in California if you are a healthy non-smoker under age 40, if you leave your job, you can always get a cheaper individual policy than if you go with COBRA. This is because the group policy you are payng for under COBRA is based on a group that includes people some of which are not healthy and some smokers and some over 40. Their health care costs are more than yours, yet in the group plan, everyone pays the same premium regardless of age or health status. That of course being the whole point of a group plan.
