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What does COBRA cost?

COBRA COST
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What does COBRA cost?

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A. Under traditional COBRA, you pay the full cost of the health benefits plus an administrative fee. In 2009, traditional COBRA costs $1,307.81 a month for NYSHIP family coverage and $610.55 a month for NYSHIP individual coverage. The federal stimulus package formally known as America Recovery and Reinvestment Act (“ARRA”) includes a subsidy for COBRA payments that will lower the cost for qualified former employees.

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