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.
The cost of the monthly premiums for COBRA can come as quite a surprise if you're accustomed to your employer picking up most of your health insurance tab via pretax paycheck deductions. When you opt to buy COBRA, you must pay the full premium amount -- which can be a hefty monthly sum, even for group health coverage.