When I left my job with USAA, I was shocked to see the increase in my health premiums. This just showed how much USAA was paying for my family's coverage.
We were paying around $350 a month. But on COBRA it went to over $2,000 a month!
Would I have done anything differently? No. But still would have been nice to have been prepared.
So, how do you know what your coverage through COBRA will cost? Look at line 12 on your W-2. Look for the letter code DD.
That's it. You'll pay that, PLUS 2% for your COBRA coverage.
Not too cheap, is it?
The insanity of the current state of the US Health Care system.
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How To Figure COBRA Costs - W/O Calling HR
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