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Politics : President Barack Obama
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To: ChinuSFO who wrote (138277)10/7/2013 10:31:38 AM
From: manalagi  Read Replies (3) of 149317
 
COBRA is the law. It provides coverage up to 18 months after separation from the company regardless of cause - fired, resigned or retired.

The insurance premium is usually subsidized by the employer. When a person is no longer working, the subsidy ends so that the former employee is charged full priced for the premium. That's the reason why COBRA's premium jumps to a seemingly "outrageous" level, yet it was the amount that has been charged all along except the employer pays most of it.
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