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How is COBRA different than my regular health insurance?

April 26, 2017COBRA different health insurance regular

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How is COBRA different than my regular health insurance?

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Your former employer no longer pays a portion of the premium, and your portion of the premium is no longer deducted from your paycheck. Therefore, you must pay the entire premium plus a 2% administrative fee. Coverage is on a month-to-month basis and payment is due at the first of each month.