1 Westin Long Beach Hotel, 333 E Ocean Blvd, Long Beach, CA 90802, Phone: (562) 436-3000, Fax: (562) 499-2068. 2  Hyatt Regency Long Beach, 200 S Pne Ave, Long Beach, CA 90802, Phone: (562) 491-1234, Fax: (562) 432-1972.
Letâs say you have $125 taken from each paycheck for health insurance. You get paid twice per month, so your portion of the monthly premiums is $250. Your employer contributes $300 per month toward your health insurance premiums, so the total cost of your job-based health plan is $550 per month. To figure the 2% service charge, multiply that $550 monthly premium by 0.02. Youâll get $11. Add this $11 service charge the $550 premium cost and your COBRA health insurance cost will be $561 per month.
However, when you go on COBRA, you are usually required to pay the entire premium on your own, plus a 2% administration fee. If you extend the term of your COBRA coverage because of disability, you may be required to pay up to 150% of the premium. That is why COBRA can be very expensive.To maintain COBRA coverage, you must pay your premiums in a timely manner. Your first premium is due 45 days after you chose COBRA.f you extend the term of your COBRA coverage because of disability, you may be required to pay up to 150% of the premium. That is why COBRA can be very expensive. To maintain COBRA coverage, you must pay your premiums in a timely manner.