Re: prepared to pay Health Insurance after job loss?
I am on Cobra right now and it is pricey.
The first month was $642 for employee plus one. The second month started a new year so of course the premium went up. It is now $786 a month.
My former employer is paying me for the first four months of Cobra as part of my separation agreement. In addition, because I am eligible for TAA/TRA assistance, I will be able to claim a 65% Health Coverage Tax Credit for six months, so I'll get some of that back at the end of the year.
Even if I didn't get this extra assistance, I would still be able to afford it out of my emergeny fund.
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