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 employee has to pay the full premium at the employer-negotiated group rate, which is typically less expensive than it would be to buy an individual policy on the open market. COBRA Coverage. Private employers must comply with COBRA if they have at least 20 employees. (Smaller employers may be covered by a similar state law.) Employees who are covered by the employer's health insurance plan on the day before a qualifying event -- an event that would cause them to lose their coverage, such as a layoff, cut in hours, or divorce from a spouse -- are eligible to continue their benefits through COBRA.