How Much Does a COBRA Cost?
How much your COBRA health plan will cost depends on how much it cost your employer and you prior to the qualifying event plus an administrative fee of 2% (specified in the COBRA bill). In the package your employer should have sent you (contact your employer’s benefits or human resources department if you haven’t received a package in the mail) it should detail how much each of your coverages should cost (medical, dental, vision, FSA/HSA, etc).
This price will be much higher than what you paid as an employee. For example, my medical plan cost me a mere $20 per month and that premium jumped to nearly $390 per month in the COBRA information sent to me in the mail. Your employer is no longer footing a large portion of the bill, unfortunately that burden now falls on you.