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.
Health insurance under COBRA is only good for 18 months at which time most insurance companies will offer an individual policy. Usually this policy will have higher premiums that what was paid under the group plan. When this happens it is always a good idea to shop around and compare prices.