Quote:
Originally Posted by wincrasher
Also, consider Cobra premiums in your calculations - it's not smart to go without health insurance.
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This is something we never accounted for in our EF planning, but a thread from last week got me thinking about it.
How exactly would I estimate the COBRA premiums? Is it just the amount of employer-paid medical benefits shown on my paycheck? Also, is the 65% stimulus discount applied just a flat rate, or is there some scale there?
Finally, should I consider the COBRA cost in my analysis/decision of which medical plan to participate in (switch enrollment ends in a week!)? Does the reduced premium during unemployment add value to the cheaper, high-deductible plans? Normally I wouldn't consider this, but the level of security in my job has dropped significantly since we've add significant layoffs each of the last 2 quarters & just announced a significant off-shoring effort.
Thanks.